If you are an investor and are planning to invest in a Retirement Savings Plan (RSP), then you should keep the following tips of AGF Trust’s John Bennett in mind:
1. Borrowing a loan for the RSP and paying them back with tax refund.
2. Maximization of RSP contributions via 18 percent of a tax filer’s “Earned Income” and his unused contributions.
3. Lower interest rates can perk up RSP.
But before going for a loan to finance an RSP the investors must be sure of their financial situations and meet financial advisors who can guide them on taking loans for RSP.
Tips to finance a Retirement Savings Plan
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