Quote:
Originally Posted by prarieboy
I was refering to the money you currently were wondering what to do with. I meant if you invested it in an RRSP investment to get a tax refund and then withdraw it when your mortgage came due in 4-5 years.
Nothing beats a calculator and an understanding of what money you will be left with when all is said and done to help with these decisions. As Slava pointed out a GOOD financial advisor should go along way to helping you, a bad one could hurt your bottom line and leave you worse off than when you started. Educate yourself as much as possible so you can have more meaningful discussions with your advisor instead of taking advice for face value.
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Oh, I see. I've already maxed out my RRSP's, so I'm good there. I agree that I need to start reading some books and figuring things out -- it wasn't a big of a priority when we were starving students and had to pay off our debts/loans, but I suppose we don't have any more excuses.