PLUS: Get your RRSP back on track: Our experts rank Canada's best mutual funds
TORONTO, Feb. 17 /CNW/ - When can you take money out of your RRSP without penalty? Which should you contribute to first: your mortgage or your RRSP? How much should you have in your RRSP for your age? The answers may surprise you.
With the deadline for RRSP contributions only two weeks away, questions like these leave many Canadians feeling anxious and confused.
But they can relax. Just in time for this year's RRSP season, MONEYSENSE magazine presents "Your Top 21 RRSP Questions Answered."
On newsstands now, this special RRSP issue answers key questions to help Canadians make wise investment choices. Among them:
- What should you hold in your RRSP? Stocks, mutual funds, income
- You have a pension. Do you need an RRSP, too?
- Can you take money out of your RRSP without a penalty?
- Should you get a spousal RRSP?
- What happens to your RRSP when you retire?
Also in this issue:
Canada's Best Mutual Funds ranked
It's time to get your RRSP on track after the downturn. Our proven annual ranking shows which mutual fund to buy now.
The investment secrets of the super-rich
Want to manage your money like the wealthy do? Consider an investment counsel, where you can find much better advice - for a lower fee
Pick up the latest issue of MoneySense on newsstands now. You can also go to MoneySense.ca/RRSP, where Canada's top financial advisers will personally answer your RRSP questions.
MoneySense is Canada's personal finance and lifestyle magazine. Packed with smart features, practical advice and easy-to-follow financial tips on everything from home improvement to mutual funds, an average MoneySense issue attracts 892,000 Canadians on the lookout for new ways to save, invest and spend. MoneySense.ca is Canada's best all-around personal finance Web site.
SOURCE Rogers Media
For further information: For further information: Louise Leger, (416) 764-4125, firstname.lastname@example.org