so the final date to buy them is coming up (Feb 29th) did u get urs already?
and are any of u locking them down and for how long?
what kind of interest rates are u getting?
I got my today, and looked them down for 3 years at 3.9% i was going to do a 5 year for 4.333% but i thought that 5 years was a little too long.
this might help others get a better rate in other banks.
~X
I've been contributing monthly to my RRSPs since I started working, so I don't have to rush come February. I have them invested in the market, not on a GIC, and have had really good luck in seeng my investment grow. I started with Standard Life, 'cause that's where the company I was working for a the time had them, and they matched my contributions, and when I stopped working there, I just kept them at that company.
It sounds like you are planning on withdrawing your RRSP investment in the near future. Are you sure you want to do this?
Typically you'd want to leave the money in your RRSPs until the age of retirement so that when you withdraw the money you are taxed at a lower rate (assuming your annual income is lower than today). With that in mind, I would have gone for the 5 year GIC or buy into a well managed mutual fund.
It sounds like you are planning on withdrawing your RRSP investment in the near future. Are you sure you want to do this?
Typically you'd want to leave the money in your RRSPs until the age of retirement so that when you withdraw the money you are taxed at a lower rate (assuming your annual income is lower than today). With that in mind, I would have gone for the 5 year GIC or buy into a well managed mutual fund.
no, not thinking of withdrawing my money any time soon, but I'm thinking more about the rates, at this moment they are low so i didn't want to get stuck with it for too long but at the same time i do want to make more money out of it..... for mutual funds u need to know a little bit more about rates and what is hot and what is cold, I don't know much about this subject at the moment for me to put much money into to it, just playing it save for now, I guess.
It sounds like you are planning on withdrawing your RRSP investment in the near future. Are you sure you want to do this?
Typically you'd want to leave the money in your RRSPs until the age of retirement so that when you withdraw the money you are taxed at a lower rate (assuming your annual income is lower than today). With that in mind, I would have gone for the 5 year GIC or buy into a well managed mutual fund.
I got mine!!!
