RRSP Loan Strategy and RRSP Secrets

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Learn what an RRSP is, what you can hold in this investment account, and RRSP secrets that the banks don’t want you to know. • The average lifespan in Canada is 82, and most people retire at the age of 65. That’s at least 17 years of life that we have to think about affording. • That’s what the Registered Retirement Savings Plan or RRSP exists for. A lot of people don’t know that although it’s called a Retirement Savings Plan, it’s actually best used for investing, (not saving), and can be used for so much more than just retiring. • This episode starts with the basics, and then goes more in depth to look at 2 ways of non-traditionally using an RRSP. • Here’s what I get into: • 2:36 - What is an RRSP? • 4:10 - Relying on a Canadian Pension • 7:17 - Benefits of Contributing to an RRSP • 10:25 - Contribution Limits • 11:04 - What you Can Hold in your RRSP • 11:42 - What Can’t You Hold? • 13:10 - RRSP Mortgages • • Get $10 When You Join Wealthsimple Trade • ✩ CONNECT WITH ME: ✩ • Instagram: @missfindependent • TikTok: @nikafarb • For contact or business inquiries: [email protected]

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