In this episode, Evan examines the pros and cons of RRSP loans—borrowing money to contribute to your retirement savings. He notes  while RRSP loans offer tax deductions and lower interest rates, most people would be better off avoiding them due to the costs, risks, and limited flexibility of leveraged investing. 🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing  🗣️ I want to hear from you! Record your comment or question here and you could be featured on an upcoming episo...

The Canadian Money Roadmap

Evan Neufeld, CFP®

Should you take an RRSP loan?

FEB 13, 20269 MIN
The Canadian Money Roadmap

Should you take an RRSP loan?

FEB 13, 20269 MIN

Description

In this episode, Evan examines the pros and cons of RRSP loans—borrowing money to contribute to your retirement savings. He notes  while RRSP loans offer tax deductions and lower interest rates, most people would be better off avoiding them due to the costs, risks, and limited flexibility of leveraged investing.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing 🗣️ I want to hear from you! Record your comment or question here and you could be featured on an upcoming episode of the podcast ✨ Get your money organized - Your Full Financial Picture Spreadsheet