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| The Self-Directed Registered Retirement
Savings Plan(RRSP) is an effective retirement planning tool.
You and your representative will determine, among the 3,000 funds
available, those that would be the most effectual in helping you build
the kind of retirement you want. Investments are then made in your
self-Directed portfolio using funds from various companies. |
| Basic Principles to Remember |
| The sooner you invest, the more comfortable your retirement.
|
| The following example shows that early
and regular investments translate into a much more secure retirement.
(Example of a $100 monthly investment with an 8% annual interest rate)
|
| |
| Age
|
Total
contribution |
Total
at age 65 |
| 25 |
$48,000
|
$324,180
|
| 35 |
$36,000
|
$141,761
|
| 45 |
$24,000
|
$57,266
|
|
| |
As you can see, if you start investing at age 25 instead of 35,
40 years later, you will have accumulated over $182,420 more for your
retirement at age 65: enough to offer yourself a comfortable retirement
that's free of financial worry. |
| |
Advantages of the RRSP |
| |
- All your funds are grouped in a single consolidated quarterly
portfolio. As a result, you only receive one contribution receipt.
- Possibility of investing monthly using PAC
- Administrative ease in modifying portfolio content
- Maximization of foreign content
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| To know more about the program give us
a call at 416-283-8899 and one of our friendly customer
service representatives will put you in contact with a authorized
representative. |
