Comments on: Why I don’t like RRSPs

By: Self Esteem

Self Esteem — Sun, 17 Jan 2010 04:49:06 +0000

Thank you so much, Great information… You keep writing and I’ll keep reading.

By: john gallo

john gallo — Mon, 11 Jan 2010 19:34:13 +0000

I have been thinking about the same topic for awhile…I tend to agree with you. I am in the process of cashing in my rrsp’s while I am still working.I wish I could do the same for my company DB rrsp’s. I have also stopped the mad cycle of making sure I purchase rrsp’s every year. I am going to just put the money into an account. I think I would rather have control on how much tax I pay and for that matter how much I need to withdraw at a later date. Good article…thanks

By: phantome

phantome — Tue, 24 Nov 2009 18:34:32 +0000

No not in my opinion. It’s nice that your husbands company contributes to his 401K but the plan is still in the hands of the mutual fund manager and the government. This is not good for you or your family in the long run. Watch for my next post and i’ll show you a better solution. Thank you for the comment and have a great day.

By: Sandy S.

Sandy S. — Mon, 23 Nov 2009 23:13:41 +0000

Nice article. My husband has 401K account and the company does a matching program. Does this make the 401K a better deal and worth doing?