IT'S JUST A BOX

Hey There

We love what we do and we love to make the complicated easy to understand.

 I get A LOT of questions regarding types of investment plans.  People will come in to see us for the first time, we will be chatting about things like their investment experience and investments they currently own and inevitable this is how it goes:

They’ll say “I have a RRSP” and I’ll say so what is it invested in and 95% of the time they will say “I don’t know… it’s a RRSP”.

 Here’s the thing… a RRSP is just an investment vehicle/a type of account.  Here’s how I like to describe it:

 I like to say it’s just a box.  Picture types of plans as boxes.  You can have a RRSP (Registered Retirement Savings Plan) box, a RESP (Registered Education Savings Plan) box, a TFSA (Tax Free Savings Account) box etc.

 Any type of investment can go into any of these boxes. 

Let’s take a RRSP as our example:

IT”S JUST A BOX! 😊

As always let us know if you have any questions or I you want to learn more.

Jodi