RESP: Back to School Reminders
If it is back to school time, you should think about your child’s RESP as well. Are you going to help with post-secondary education?
RESP or Registered Education Savings Plan is an essential program for saving for University and post-secondary school expenses.
I stopped and checked, and I have dedicated a lot of electronic ink on the subject of the Registered Education Savings Plan and specifically my “interactions†with TD and associated Universities over my daughters’ academic careers. While I used the TD Mutual funds, there are many other better ways to do this. For anyone planning on sending their children to a post-secondary school, the RESP is an essential financial tool.
This is free money folks, why you would not want to have it, is beyond me.
If it is back to school time, you should think about your child’s RESP as well. Are you going to help with post-secondary education?
The Canada Learning Bond is an important part of the RESP. Low income families can still take advantage of the RESP even if they cannot deposit any money.
How do you stop getting locked-in to technology ideas but also into financial concepts or ideas as well. Flexibility is important.
Written in 2010 back when I had at least 2 children in University, and removing moving from their Registered Education Savings Plan. Since 2010 I have learned a great deal more about RESPs and how… Read More »Registered Education Savings Plans The Saga
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