Quote:
Originally Posted by Hesla
Basically... I am treating my RRSP in the future as a DEBT payment. Automatically the money I am using to service my student loan debt will go to retirement savings.
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Good for you. You're about to witness the reversal of the universes' most powerful force, "compound interest."
After you max out your contribution room, you might want to check out the maximum allowable RRSP contributions. It's only like 18% of income per year capped a level of income in and around the $100,000/year mark. Most likely meaning you would only be able to contribute $18,000 to RRSPs, $5,000 to TFSA and the remaining $1,000 to a taxable account.