Quote:
Originally Posted by fotze
You just found that out? I hope you have been putting 7%.
I have always believed that any employee that does not take full advantage of the company matching should be fired/not hired.
Dude comes in for his first day and signs the HR stuff, the company matches 10% and buddy says "ya, I'm only going to put 5%". HR should say "oh, you have failed our first test, this shows that you are irresponsible with your own finances so we cannot trust you to be responsible with company finances, so beat it foo" .
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I see where you're going with this but I think this statement is a little bold...RRSP investments are not necessarily the best method of investing. What if they took that money and invested it elsewhere? I understand the problem that those people aren't necessarily going to invest and may instead spend the money rather than save it....but to say employees are automatically irresponsible because they don't enroll in the RRSP plans at a company is over the top IMO.