The Registered Retirement Savings Plan (RRSP) is great for long-term savings, but what if you want a short-term option as well?
This month, we’re taking a page from Motive’s Assistant Manager, Pat Neitsch, to get her advice on the best RRSP strategies to adopt this year in hopes it will ease your stress in the coming months and, more importantly, years.
"It’s a proven fact that if you stagger your money in one- to five-year GICs (Guaranteed Investment Certificates), you will earn more money than chasing short term rates."
One of the biggest financial misconceptions we see when it comes to saving, is people thinking they need to get there quickly.