The Ultimate Wealth Builder

Book - 2014
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"For most Canadians, an RRSP is the only personal pension plan they will ever have. As employer-sponsored plans become increasingly rare outside the public sector, we must rely on our own savings and money management skills to ensure a comfortable lifestyle after retirement. This comprehensive guide by bestselling financial author Gordon Pape provides the secrets to building a winning RRSP -- everything from setting up the right kind of plan at the outset to proven strategies that will enable you to grow your RRSP over time to a value of several hundred thousand dollars. And all the while, you'll be collecting sizeable tax refunds for every contribution you make. This is a must-read book for everyone who cares about providing a comfortable future for themselves and their families. Some of the key things you’ll learn include: How to choose a plan that’s right for your needs, Tips for selecting the best investments, The most common mistakes and how to avoid them, How to build successful portfolios, Deciding between an RRSP and a TFSA, When to use the Home Buyers' Plan, and Transitioning to an RRIF"-- Provided by publisher.
Publisher: Toronto : Portfolio Penguin, ©2014
ISBN: 9780143189213
Branch Call Number: 332.024014 PAP 2014
Characteristics: 278 pages ; 21 cm
Alternative Title: Ultimate wealth builder


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Apr 13, 2017

RRSPs have a long sordid history of thrilling, disappointing, aggravating, and, every so often, pleasing Canadians. They are full of rules and ultimately these rules need to be played to your advantage lest you be caught out in the rain without an umbrella. So I thought it very important to read about everything the renowned Canadian personal finance expert Gordon Pape had to say on the subject. I learned some tips and tricks, as well as how to avoid or at least mitigate some major problems with RRSPs that can sometimes leave the retired elderly in tricky situations. The advice is golden here for your golden years, so if you plan on saving for retirement (and you should be), I recommend picking up a copy.

May 27, 2015

The RRSP has been around for decades, and much like an old aunt who was cool when you were younger, they've now fallen out of favor, overshadowed by the flashy new TFSA as a retirement savings vehicle for many. However, there is still some life in the old gal, and this light read by Gordon Pape provides a general overview of RRSP strengths and weaknesses as well as strategies for maximizing returns.

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