Posts Featuring Kim Parlee (Page 1 of 2)

Market Insights

Stock market news with Greg Bonnell.

October 7, 2022

Ask MoneyTalk: What happens if I make an early withdrawal from my RRSP?

Making regular contributions to a Registered Retirement Savings Plan can be a great way to build your net worth. But what if you’re facing a cash shortfall: Is a withdrawal a viable option? Kim Parlee walks us through some of the hidden costs of early RRSP withdrawals.

March 2, 2021

Retirement / Family / House

How Automatic RRSP and TFSA Contributions Pay Off

Having an automatic monthly RSP deduction gets your money working sooner for you than contributing one large deduction at the end of the year, and may make your retirement savings grow larger as well. If you already do have automatic deductions, try and increase it every year. Even increasing by $5 a month can make a large difference to your retirement savings over time. Originally published April 19, 2016.

January 23, 2020

Retirement

RESP Grandparents

An RESP can help fund a child’s education. But people over 71 may face tax implications if the child quits school and the fund is closed. Kim Parlee highlights a few things to keep in mind.

September 12, 2018

Family