RESPs are too Hard for Mommies
RESPs are too Hard ? Not really, it is pretty darn straight forward, choosing how you want to invest the money is the interesting part.
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.
RESPs are too Hard ? Not really, it is pretty darn straight forward, choosing how you want to invest the money is the interesting part.
If your TD E-Series RESP is in a TD Mutual fund account, taking your money out is not going to be straightforward. Good funds, bad account, read why. Might be better to just hold them in a real trading account.
How do RESPs work? Here is a piece to help out RESP from start to spend will show how you can build up the money needed to help pay for University.
Continuing on with my discussions about the relative cost of school and such, I have found another interesting example for all of those parents out there that are wondering, “Should I start saving for my… Read More »RESP : What does $350 Look like ?
Taking funds out of my daughters’ RESP accounts, after building up enough cash, was never as straight forward as I ever guessed it would be. Every time I thought I had it lined up, a new step would appear.