It’s RRSP Boot Camp Time

It’s that time of the year where Canadians prepare to file their taxes, and then think about the year ahead. How can I make more money than I did in 2015? And, how can I save more than I did in 2015? Retirement is now one year closer too (that seems to keep happening!)

I save for RRSP’s every year, but that’s only a recent change for me and I’m almost forty years old. I should have started much earlier but, like many Canadians, I had a multitude of reasons why, namingly all the other things I needed extra cash for at the time – our wedding, our first house, our first baby, our first big move, and more.

It can be easy to make excuses, and difficult to know where to start when it comes to saving and your RRSP. Rate Supermarket recently asked Canadians how they felt about saving for an RRSP and their responses were not at all surprising. While older Canadians are already well on their way to saving for retirement, many younger Canadians are understandably not thinking that far ahead. Millennials are saving for things just like I was a decade ago – it’s hard to think about retirement when you’re still trying to land a job to get you well on your way in your career (and what about those student loans?)

What about you? Do you feel like you’re unsure where to get started? Or, have you made an obligatory “OK I guess I should contribute something” RRSP contribution over the years but don’t really know if you’re doing as much as you should to save for retirement? It’s like we need a boot camp to get us into financial shape and send us on our way, doesn’t it? Guess what, there is one!

Signing up for the RRSP Guide at Rate Supermarket involves a welcome email within 24 hours and then one email every three days (4 emails total) to help you get in financial shape ahead of the tax season this year. I signed up and found all the emails very easy to understand, in language I could understand, laid out in a way that wasn’t full of financial-language foreign to most Canadians. The emails start by explaining the basics on RRSP’s – what they are, how they work and how to contribute. Then, you learn about your options, and also the differences between an RRSP, GIC and TFSA.

Oh! And the best part – signing up for the RRSP Guide gives you a chance to WIN $2016 to boost your RRSP! That would be a sweet start to an RRSP or a very helpful addition if you’re already well on your way. You’ve got nothing to lose by signing up, four emails in your inbox to read after you do, and the chance to win $2016. Sounds like a smart move to me.