Russ MacDonaldHas life gotten in the way of saving for the future? You know the benefits of contributing to an RRSP, and you still have time on your side to plan for a successful retirement. Your financial comfort during retirement could depend on how effectively you save today.

Catching up on RRSP contributions makes sense. An RRSP catch-up loan could help you use more of your unused contribution room and provide you with a tax deduction.* This could give you a tax refund (depending on your personal income tax situation) that could be used to help pay down the RRSP loan.

With the March 1, 2017 RRSP deadline approaching, it's the perfect time to confirm if you're on the right track to meet your retirement goals. It's important your present financial security plan matches the retirement you see for yourself. We can chat about this and other strategies to invest your money efficiently to help you reach your goals while reducing taxes.

If you have questions about your retirement investments or your financial security plan, please don't hesitate to contact me.

-Russ MacDonald
Heritage Insurance Ltd.

* While borrowing to invest has many potential benefits (investing an initial lump sum creates greater potential for compound-growth compared to making smaller regular investment purchases), leveraging also has potential risks (market volatility may result in poor investment returns and the possibility of owning more on the loan than the investments are worth).


Protect your future as well as your finances. Call Heritage Insurance, Ltd. at (800) 667-7640 for a free Moose Jaw SK life insurance quote.
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