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Thread: How much does everyone put into RRSP every month?

  1. #1
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    Default How much does everyone put into RRSP every month?

    I put 600 a month and try my very best to dump a lump sum in at the end of the year.

    I'm just curious to see what others are doing after watching all of this CPP bullshit.

    I don't get a pension here at work.

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    Hmmm....I managed to put away about 75k over 10 years at my old job but now over the last two years i've started from scratch in a new career and the pay discrepancy has me lucky to put 200/month away now....but, that'll all change for the better as my pay does here.
    Originally posted by SJW
    Once again another useless post by JRSCOOLDUDE.
    Originally posted by snowcat
    Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.

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    I think I am at 150$ a month, but as my wages increase so do my deposit amounts.

    edit - also do lump sum deposits from bonus at year end.
    Last edited by revelations; 12-21-2010 at 12:13 PM.

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    I only want to fish every day when I retire anyway. That doesn't take much money. Perhaps the odd whore here and there.

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    About $700/month + Company Match. It's like free money from from the company so try and take advantage of it.

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    Good pension at work (I have over $1k in deductions and taxes a pay cheque for all my benefits) but I still try to put at least a $100 a pay into a RRSP for the tax benefit and as a backup source of income after retirement
    "It takes a big man to admit when he is wrong....I'm not a big man" Chevy Chase, Fletch Lives.

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    I contribute about $450 a paycheck. I contribute 6% of my wage, company matches and gives me an extra 3% if i am maxed. I would be foolish if i didn't

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    $0

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    $200/month plus company contribution once a year just under $2000.

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    10% of net is good rule of thumb. Before I switched to contracting I was doing 15% of gross and then topping up at EoY depending on how far away I was from the next threshold
    heloc that shit

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    I typically put about $2,500/month into an investment account. I suspect I will have to make a large lump sum contribution to RRSP's this year to reduce my tax liability.

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    Originally posted by derpderp
    $0

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    $100/m
    and a 1 time deposit of $1000 by the company every year.

    Once I have more bills paid off, Ill be putting aside alittle more.
    Its not only about money. Its about freedom, friends and family too.

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    ...
    Last edited by Sugarphreak; 07-01-2019 at 12:04 AM.

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    So how does this RSVP thing work?

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    Originally posted by Pacman
    So how does this RSVP thing work?


    haha i just started an RRSP 2 months ago, finally. Dropped 5g into it to start and now put 100 away each month. It will def go up once i pay off a bit of my stupidity debt(partying every cent away for the past 4 years). I'm Incorporated so i only have what i contribute.

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    $0.00

    Silver and Gold baby.
    Elon needs Nickel

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    Originally posted by Sugarphreak
    $0

    No point putting in money monthly when I have a mortgage to be serviced.... I would rather defer interest on that as long as possible.

    I do a lump sum at the end of the year to max out my tax advantage, then dump my tax return back into my mortgage.


    I have pretty much zero faith that CPP will be around when I retire; or any of these other hair brain private pension schemes they are coming up with now.
    In a round about way this is what i am doing. I am allow to withdrawl the amount in my company RRSP account for emergancies or to make a yearly lump some on my mortgage. So i am receiving my maximum match from the company and still making that allowed lump some on my mortgage.

    The plan is to do this for another 3 or so years to bring it down quite a bit. That should be a heafty chunk of savings in interest while taking a HUGE chunk off the amount of time it will take me to pay it off.

    Then back to keeping it in RRSP's until retirement.

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    Originally posted by DayGlow
    Good pension at work (I have over $1k in deductions and taxes a pay cheque for all my benefits) but I still try to put at least a $100 a pay into a RRSP for the tax benefit and as a backup source of income after retirement

    Wait untill you retire, you'll find you will be paying probably about the same amount of taxes. (considering police pensions are very good)
    These opinions are entirely my own and do not represent any other person or organization.

  20. #20
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    Originally posted by spike98


    In a round about way this is what i am doing. I am allow to withdrawl the amount in my company RRSP account for emergancies or to make a yearly lump some on my mortgage. So i am receiving my maximum match from the company and still making that allowed lump some on my mortgage.

    The plan is to do this for another 3 or so years to bring it down quite a bit. That should be a heafty chunk of savings in interest while taking a HUGE chunk off the amount of time it will take me to pay it off.

    Then back to keeping it in RRSP's until retirement.
    http://www.milliondollarjourney.com/...e-resource.htm
    Last edited by codetrap; 12-21-2010 at 01:56 PM.

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