April 25, 2012
Attention: AMSC Member– Please Distribute to Appropriate Personnel
Why develop a personal RRSP strategy?
One reason to do so is that everyone has different needs or priorities, partly based on their life stage. For example, a young executive who has more time to build a portfolio might want to take on more risk. An older worker, on the other hand, might want to reduce risk as retirement nears.
As well, personal circumstances vary from person to person. It might make sense for some people, for example, to get an RRSP loan if they can pay it off quickly. However, those with high-interest credit card bills should consider delaying their RRSP until they get personal debt under control.
There might also be times when contributing to an RRSP is not the best choice for you. Each year, for example, many Canadians debate the pros and cons of contributing to a Tax-Free Savings Account instead of an RRSP:
Here are some tips to help you discover your personal RRSP strategy:
One of the many strong advantages of being an AUMA/AMSC member is the opportunity to participate in the AMSC Group RRSP and the AMSC TFSA. Both products provide a range of investment options with low fees.
For more information contact AMSC Retirement Services.
--Source, Sun Life Financial
For information on APEX, MuniSERP, Alberta Communities Pension Plan, AMSC Group RRSP, AMSC Tax Free Savings Account or general pension issues, please contact Bernie Gold, Director, Retirement Services by telephone at (780) 409-8125, toll free at 310-AUMA or by e-mail.
Executive Officer, HR Shared Services & Corporate
Director, Retirement Services