New Kids and Money
Are you thinking about starting a family, here is some simple advice about kids and money. If you have a choice, better to plan first. #RESP
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.
Are you thinking about starting a family, here is some simple advice about kids and money. If you have a choice, better to plan first. #RESP
As my regular readers know I have been spending a while attempting to figure out the new RESPÂ Rules put in place for RESP withdrawals (I have two daughters attending University and wish to withdraw money… Read More »RESPs and Rules
Some say back to school, others say it is back to RESP week. If you think high school costs are expensive, wait for post-secondary costs.
I went to the bank with our Free letter from my middle daughter’s University (the nice one in Nova Scotia), which was e-mailed to us (for use in RESP Redemption), and finally the entire RESP… Read More »RESP Redemption (Redux)
RESP fund withdrawal usually entails getting a proof of enrollment letter from your child’s school, however, some do it better than others.