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Old 07-24-2014, 09:17 AM   #1
temple5
Crash and Bang Winger
 
Join Date: Jan 2008
Exp:
Default What are you doing to save for kids education - RESP, anything else?

I figured I would ask this here.

I just had a baby boy at the beginning of June and we just had an interesting meeting from a lady from http://www.cst.org/ . We think they got our info from Time Maternity store in Chinook (those ba$stards)

Basically wanting to sign us up for RESP through them.

I figured it should be something I research as everything with it sounded fine except the fee structure (basically first 5 years of accumulated interst is paid as fee which you get back at the end as a lump sum (without the accrued interest of the money))

The restrictions on the fund didnt seem crazy.

I just figured Id as what others are doing. I was thinking it wsant so bad to put in $109/month and then look at other options for more flexibility.

I saw the thready from 2010 but figured there might be updated info for 2014
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