By contributing to your Registered Retirement Saving Plan (RRSP) at a younger age, you accumulate more money for retirement with less deposits. The reason is simple, by contributing early, your money has more time to compound your returns and grow tax-deferred. There are more options for using RRSPs other than retirement. You may wish to use part of your RRSP funds for a down-payment on your first home under the Home Buyer's Plan or draw on your RRSPs to help finance your own or your spouse's education under the Lifelong Learning Plan.

For Example:

Start at Age 25

• Contribute 40 deposits of $2,000/year at the beginning of each year up to and including age 64
  
• Earn 6%
  
• Total RRSP Contributions : $80,000
  
• RRSP Value at 65: $328,095
  

Start at Age 45

• Contribute 20 deposits of $8,000/year at the beginning of each year up to and including age 64
  
• Earn 6%
  
• Total RRSP Contributions: $160,000
  
• RRSP Value at 65: $311,942

The above example is for illustration purposes only.

By starting at age 25, you will have more money at retirement than starting at age 40 even when your deposits have quadrupled (to $8,000 from $2,000) and total contributions have doubled (to $160,000 from $80,000).

We can help you secure your financial future by ensuring you have enough money to retire comfortably. Contact us for more information on creative ways to make up for lost time or visit our website.

Yours truly,

Tactical Asset Management, Inc.
phone: (306) 757-2121
fax: (306) 347-3655
e-mail: inquiry@tacticalassetmgmt.com
website: www.tacticalassetmgmt.com