Quote:
Originally Posted by RougeUnderoos
Someone might have mentioned this, but I think a lot of people are of the rather optimistic opinion that they'll be making an absolute fortune in their 40's and 50's, and that's when they'll save up. Or they'll get so rich that they won't even really have to save for retirement at all.
A lot of people out there think they'll become a millionaire one way or another, even if they are 35 years-old and should recognize that it's not likely to happen.
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People who load up their RRSPs also assume that they'll be in the lowest income bracket by the time they retire and that's probably not true either.
There are other tax efficient ways to invest and own assets and not worry about that RRSP being forcefully converted into a RRIF later on in life. Ask Slava - he is a certified baller.