The RRSP Trap: Why Many Canadians Regret Saving in RRSPs

See our financial planning services: https://blueprintfinancial.ca/
Got questions? Email us: [email protected]

A lot of Canadians assume RRSPs are a no-brainer for saving money. But after years of working with clients, I’ve seen some costly RRSP misconceptions that left them with regrets and tax headaches. Let’s break down the four biggest RRSP traps and regrets and what you can do to prevent them.

Explore these links:
Income splitting guide: https://blueprintfinancial.ca/income-...
RRSP Millionaire Secrets:    • 3 Secrets of RRSP Millionaires  
Blog Post: https://blueprintfinancial.ca/the-rrs...

Chapters:
00:00 Introduction
00:19 Regret #1: RRSP Money is Too Inflexible
03:10 Regret #2: Tax Refund Disappointments
04:53 Regret #3: RRSP Investing Without a Clear Strategy
06:57 Regret #4: RRSP Withdrawal Challenges in Retirement

Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.