2017 RRSP Season End Closing in

[max_boost]

This quote is hidden because you are ignoring this member. Show Quote

TFSAs are maxed out, RRSP not so much. I only put in as much as my company matches, no more, no less. Not a fan of RRSP, and if I do it right, will probably make more money during retirement than now, so no real benefit. Last year I put in 40k only to offset the taxes owing after I closed down my business, but other than that I think i only have like 60k total in there. Think I will have more than enough when I retire, and can enjoy life now as well instead of saving every penny. 33 with house paid off and 0 in debt of any kind.

TFSA FTW

Not a fan of RRSP as well lol

[Ekliptix]

I'm 37. I've maxed RSPs every year since i was 20 because:
1) I hate paying taxes and a refund on my income tax feels good. Gimme my money back government!
2) It's a way to keep some money saved for retirement. I consider RSP savings off limit.
I don't have time/experience to manage RSP investments, so I pay CIBC to handle it. Been happy with the performance over the last year but I think everything did well in 2017 for growth.

I've always maxed out my TFSA too and have had it managed by CIBC too, but I intend to use my upcoming contribution for higher risk stuff I'll actively be involved in for 2018.

[Feruk]

I don't contribute to my RRSP at all. I have very little contribution room as my work provides a RPP (registered pension plan) which I max out. That plan deducts from my RRSP contribution space. A little unfortunate as I have a basket of high fee mutual funds to choose from instead of low cost ETFs...

[suntan]

Damn that sucks about the high-fee MFs. My wife's DC pension has crazy-low fees. 0.02% for an actively managed bond fund. Jesus I'd suck 10 dicks for that.

[Strider]

Max RRSP, TFSA every year - high marginal tax rate and maximize tax sheltered growth/compounding.

[sabad66]

This quote is hidden because you are ignoring this member. Show Quote

Damn that sucks about the high-fee MFs. My wife's DC pension has crazy-low fees. 0.02% for an actively managed bond fund. Jesus I'd suck 10 dicks for that.

if she still works at the same company as me, yeah we've got it pretty good relatively speaking. Not quite 0.02%, but still competitive especially considering most have gained at least 10% the past year

 	Aurion M-Mgr Act Cdn Eq		0.37 %
 	Aurion Money Market Fund	0.17 %
 	Aurion M-Mgr Active Bond	0.20 %
  	Aurion Gl Eq Ind & MF Seg	0.09 %
 	BLK Bond Index Fund	        0.15 %
 	BLK S&P/TSX Comp Index		0.11 %
  	BLK EAFE Equity Index		0.17 %
  	BLK US Equity Index Reg		0.10 %
 	Ret Target Date Retiree		0.17 %
 	Ret Target Date 2020 Port	0.17 %
 	Ret Target Date 2025 Port	0.17 %
 	Ret Target Date 2030 Port	0.17 %
 	Ret Target Date 2035 Port	0.17 %
 	Ret Target Date 2040 Port	0.17 %
 	Ret Target Date 2045 Port	0.17 %
 	Ret Target Date 2050 Port	0.18 %
 	Ret Target Date 2055 Port	0.18 %

[suntan]

Ah, 0.20% for the active bond fund. I'd still suck 10 dicks for that. It returns around 3.5% for the last few years. Amazing performance.