Retirement, a distant horizon
When you’re in school or starting your career, it’s difficult to think about retirement in the whirlwind of personal or family commitments. There’s so much to do in the short term: pay your debts, buy a home, invest in your professional practice, the list goes on and on.
The future is now!
Are you trying to save to achieve your goals? That’s great! Do you have a good financial plan? A realistic, balanced budget to pay your debts and save faster? Do you have a Registered Education Savings Plan (RESP) for your children? Your choices will have a medium- and long-term impact on your retirement: even if you think you still have lots of time in front of you, it’s never too early to prepare.
Time is money
Kill two birds with one stone by contributing to your Registered Retirement Savings Plan (RRSP) early, during your studies. Your tax refund can be reinvested, serve as leverage to buy a home (HBP) or be used for future projects. Time works in your favour: a small amount contributed regularly can go far!