Mortgage Blog - Investments
Pay Off Your Mortgage or Invest in RRSP's?
May 20, 2010 by Dania Spillett
There are so many options and decisions to make regarding where your money should go. Which debt should you pay off first? Should you pay extra payments on your mortgage or invest the excess cash in RRSP‘s? Mike Watkins of the Times Colonist shared his perspective in a news article on Tuesday.
If you choose to put more money towards paying down the principal of your mortgage you will benefit in a few ways. Firstly, you will end up paying less interest which can save you thousands of dollars over the course of your mortgage. Check out First Foundation ...
Read more »Planning for Retirement: Are Canadians Saving Enough?
November 7, 2007 by Shayla Damery
According to a study conducted in April 2007 by the University of Waterloo’s Department of Statistics and Actuarial Science, only one in three Canadians that are expecting they will retire in 2030 will have sufficient funds to meet basic household expenses.
The Canadians that are saving enough are using a combination of home equity, company-sponsored pension plans, RRSPs and person savings, on top of what they expect to receive from Old Age Security and the Canada/Quebec Pension Plan. The study also marks home equity as a valuable retirement savings tool.
Please continue reading to see the press release ...
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