Why an RESP for a Disabled Child ?
Why would you open an RESP for a disabled child that already has an RDSP set up? Not as crazy as you might think.
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.
Why would you open an RESP for a disabled child that already has an RDSP set up? Not as crazy as you might think.
What are my 5 best investments ? Pretty easy for me to pick them out, they stand out keep paying back every time (for me). Education pays! Maybe not for you directly, but still! No, this is not the 5 best stocks to invest in right now.
RESPs and high fee mutual funds seem to go hand in hand, unfortunately. Do not fall into this trap, this is what the Mutual Funds firms want you to think.
If you are planning on trying to help your kids out with their University costs (or other post-secondary ideas), an RESP is a must (just for the free money), however, that is not the only way… Read More »Helping Kids With University Costs, Idea #214
An RESP seems like a no-brainer in terms of saving for parents, but if you haven’t paid off your own debt (or student loans) does it make sense? Hold on don’t forget about the Canada Learning Bond.