Quote:
Originally Posted by Kybosh
I have a very hard time making any RRSP contributions right now because I'm playing the academic research game. In between all my bills/mortgage and so on there just isn't anything left for any investing.
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Don't sweat the RRSP stuff right now. I know that 'Mortgage v. Savings' is the constant great debate amongst financial planners, but neither side is actually wrong per se.
Everyone's minimum goal should be to retire without a monthly housing cost. CPP and OAS provide enough money for the typical person to live a simple but healthy lifestyle. You can afford Christmas presents, you can feed yourself, etc etc. That said - if you're still carrying a Mortgage or paying a significant amount in rent, you're gonna be in trouble.