Creative Insurance Planners Inc.

Investment Strategies

Invest early in your RRSP

While it's never too late to start saving for retirement, the earlier you can begin, the better.

In this example, a 25 year old contributes $1,000 each year until age 65, while a 45 year old contributes $2,000 a year until 65.

While both people contribute $40,000 in total, the 25 year old ends up with more than two times as much at age 65 as the 45 year old.

(a 6% rate of return is assumed in this illustration)

Please Note:
This website is intended for informational purposes only and is not intended to provide financial and/or insurance related advise. Please contact Angela Knight van Schaayk, Associate prior to making any decisions based on information obtained from this site.