Quote:
Originally Posted by temple5
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 |
In all honesty, (and yes, I'm biased on this topic), I wouldn't go through them. You can set-up an RESP and invest the funds there and do better than what they are offering, with flexibility. The CST plan offers basically no flexibility and once you're in, its hard to get out. I could elaborate on why, but it should be somewhat logical that having flexibility to stop or start payments or change the investments is something that you will want.