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Regular RRSP contributions beat year end rush
A Rivers Banner advice column from Investors Group promotes regular RRSP contributions to maximize tax deferral and compounding. It contrasts $800 monthly versus $9,600 lump sums after 25 years, highlighting dollar cost averaging and avoiding market timing. It notes automatic payroll or bank withdrawals and mutual funds as suitable options and urges consulting a financial advisor.
MENTIONED IN THIS ARTICLE
Investors Group, Financial Services Inc