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Early RRSPs Pay Off Big in Long Run Says Winnipeg Expert
Mr. Mardon of Investors Group warns Canadians to contribute to RRSPs early rather than wait until March. A start-of-year contribution at 10 percent annual return over 40 years could yield about 496000, versus 452000 if deposited at year end. Equity investments may outperform over time but carry short-term risk, especially near retirement.
MENTIONED IN THIS ARTICLE
North America
Canada Pension Plan
Quebec Pension Plan
Mardon
Investors Group Inc