RESP (Registered Education Savings Plan)
Top 5 Hacks To Maximize Your Child’s RESP
Many people are saving for their kids’ future education costs in an RESP. For some parents, it is a higher priority and they want to be able to maximize the benefits of an RESP – not just contribute the standard $2,500/year for each child. In my latest blog post, video, and podcast episode I talk…
Read MoreNational Post Article: A single dad nearing retirement hopes to fund daughter’s education and his golden years
The National Post asked me to review the finances of a single dad nearing retirement who hopes to fund his daughter’s education in his golden years. The 55-year-old is a health-care professional and earns about $210,000 annually before tax. Since January, in addition to his current employment income, John has been receiving a pension of…
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