同咩公司買 RRSP 最好? 公司, interest, saving, 最好

athenac

又係買 RRSP 既時候
請問你地會唔會同 BANK 買呢?
因為 BANK 個 interest rate 太低喇...一般只有 3~5 %
同平時放係 saving 都無乜分別
真係唔知應該係邊到買好, 請大家俾d意見...

excel

原帖由 daimo 於 2008-2-12 10:21 發表


I thought I posted that before ...

All financial advisors are biased to certain extend, depending on where they come from.

E.g.

A financial advisor from a bank will ask you to buy their bank's o ...

Depends on your opinion, we can do nothing. I partially agreed with you but we can't ignore financial planning including investment due to somebody misleading or biased, what I recommend is enhance your knowledge of basic financial planning, it's your own money, you have responsible too. Or look for a indenpendent financial planner who can give you more objective idea.

excel

原帖由 athenac 於 2008-2-12 01:06 發表
下.... 儲得錢多都係 liability!?
我極度需要 financial advisor.....有冇老友記係呀...

I am, what can help?

daimo

原帖由 tripixel 於 2008-2-18 02:45 發表
I look at RRSP this way. If i do not purchase any for the year, then my tax that was taken off each of my pay cheque.. IS G.O.N.E. !!  i will never see it again. Or for some people might even have to  ...

To buy RRSP or not, it has something to do with what your priorities are.  
If you want to maximize your RRSP, then you should consider:

- if you plan to retire in Canada
- if you have any other priorities in your life which requires quite a lot of CASH, for example, starting your own business, buying your house, have some $ to play with investment (or buying $$$ stuff like a LV purse ... but that's personal choice).

It would be nice if we can borrow $ from our RRSP for starting our own business ...

tripixel

I look at RRSP this way. If i do not purchase any for the year, then my tax that was taken off each of my pay cheque.. IS G.O.N.E. !!  i will never see it again. Or for some people might even have to pay more to the government.

For each $1000 RRSP that you purchase, you will get back "ABOUT" one third of that thousand dollar from the government. (of cause it depends what your tax bracket is)

this is a pretty good web site to calcuate your income tax for the year.

http://www.taxtips.ca/calculators/taxcalculator.htm

wongcasey

try Questrade for buying stocks
it has one of the lowest rates for a canadian online broker
you can set up both registered and non-registered accounts

WaruiOne

how many people here actually buy stocks with their RRSP? if so, which place would be the best place to do so, while offering you full control of the funds.

pkphilip

You should receive the Tax Assessment from last year which shows your RRSP quota, and you can start buying from there. Generally I just buy enough to maximize my refund.

Philip

daimo

原帖由 athenac 於 2008-2-12 01:06 發表
下.... 儲得錢多都係 liability!?
我極度需要 financial advisor.....有冇老友記係呀...

I thought I posted that before ...

All financial advisors are biased to certain extend, depending on where they come from.

E.g.

A financial advisor from a bank will ask you to buy their bank's own mutual fund first for RRSP, and don't buy real estate. and stock is too risky for general public
A financial advisor from Insurance firm will of course, ask you to include an U-life policy, on top of everything above.
A real estate agent will tell you buy a property first and RRSP is second priority.
A stock broker will ask you to give him all your $ so that he can flip things for you, RRSP or not, forget about real estate and life policy.

None of them will necessary give you bad advice, but none of them is objective, IMO.

lerico

原帖由 快樂牛郎 於 2008-2-12 00:59 發表
It may be too early for you but watch out for "overcontributing".
Not over your RRSP limit but having too much money in RRSP by the time you become 65 can also be a liability.

Absolutely agreed. Banks keep pushing people to contribute more and more to RRSP, advertise how it can save you tax now, and save for retirement. However, this might not be true to everyone.

Remember, RRSP is only going to DEFER your tax. It doesn't mean you don't have to pay the tax.

For those with stable job, in their mid-20s, and in a company that has a pension plan. When you retire, you might have TOO MUCH RRSP so that you are in a even higher tax bracket. That is, your RRSP money you are taking out plus your monthly pension might be higher than your pre-retirement income.

If you think you are in that case, it's way better to put your money in your mortgage or other investment than RRSP.