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30 Apr

The rainy day debate: Contribute to your RRSP or pay off debt?

Financial

Posted by: Garth Chapman

A good article on an age-old question. Rob’ Carricks bottom line advice: RRSPs beat a mortgage paydown in today’s low-rate world, but credit cards and high-rate loans and lines of credit beat RRSPs.

Get rid of that high-rate debt. Kill it dead.

http://www.theglobeandmail.com/globe-investor/personal-finance/retirement-rrsps/the-rainy-day-debate-contribute-to-your-rrsp-or-pay-off-debt/article7928044/