Comments on: Three Misconceptions About RESPs http://blog.taxresource.ca/three-misconceptions-about-resps/ Canadian Tax Help & Financial Planning Resources Sun, 12 Feb 2012 02:53:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Friday Links | The Canadian Finance Bloghttp://blog.taxresource.ca/three-misconceptions-about-resps/comment-page-1/#comment-3934 Friday Links | The Canadian Finance Blog Fri, 16 Oct 2009 09:03:37 +0000 http://blog.taxresource.ca/?p=3061#comment-3934 [...] Canadian Tax Resource clears up three misconceptions about RESPs. [...] [...] Canadian Tax Resource clears up three misconceptions about RESPs. [...]

]]> By: Link Love: Wednesday, October 6, 2009 | Savings Chroniclehttp://blog.taxresource.ca/three-misconceptions-about-resps/comment-page-1/#comment-3871 Link Love: Wednesday, October 6, 2009 | Savings Chronicle Tue, 06 Oct 2009 14:17:43 +0000 http://blog.taxresource.ca/?p=3061#comment-3871 [...] Canadian Tax Resource debunks three common RESP misconceptions. [...] [...] Canadian Tax Resource debunks three common RESP misconceptions. [...]

]]> By: Kent Moorehttp://blog.taxresource.ca/three-misconceptions-about-resps/comment-page-1/#comment-3869 Kent Moore Tue, 06 Oct 2009 12:56:54 +0000 http://blog.taxresource.ca/?p=3061#comment-3869 Great post. I've read several blog posts where people dismissed RESPs as unnecessary and often because of unfounded beliefs. You've addressed several of the beliefs in this post.Another things that's always bothered me is that parents don't feel compelled to put even a little into a RESP for their child. But that's an argument that has been fleshed out to the point of exhaustion elsewhere.The final point on RESPs that I think deserves a mention is that people will often count RESP contribution as part of their retirement money. Meaning that if people intend to save 15% of their income for retirement, they'll often place 10% in retirement accounts and 5% in a RESP.Thanks for the great post,Kent Great post. I’ve read several blog posts where people dismissed RESPs as unnecessary and often because of unfounded beliefs. You’ve addressed several of the beliefs in this post.

Another things that’s always bothered me is that parents don’t feel compelled to put even a little into a RESP for their child. But that’s an argument that has been fleshed out to the point of exhaustion elsewhere.

The final point on RESPs that I think deserves a mention is that people will often count RESP contribution as part of their retirement money. Meaning that if people intend to save 15% of their income for retirement, they’ll often place 10% in retirement accounts and 5% in a RESP.

Thanks for the great post,

Kent

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