RESP

[TJQ]

Just a note, the final tally for the RESP's was $3,248.00 This will grow by 5-7% per year till they go to school. The Government matches up to 20% of this, and the kids also get bonus payments from the pool of interest that doesn't get used by other kids. It will be substantial in 12 years or so when they need it!

 

The paperwork has been submitted and will be processed in the new year.

 

Thanks to all who helped me out with this.

 

OFC RULES!!!!

 

I cant get the FONT any Bigger!!!

[Roy]

God bless you and the entire OFC Community!

[Rich Clemens]

Sweeeeet

[lew]

Thanks TJ, it's always nice when we can offer a helping hand.

[irishfield]

Thanks for the update Boss! Glad to be part of it !

[icedude]

like was there any doubt?

 

never been a moderation Kiss Ass

 

 

 

TJ and Community--you should be firecely Proud--the whole Dang lot of yah

 

Classy Bassy Mercer

 

 

Over and OUT

 

Sea you all Gawd Willing the the New Year

 

Amazing

 

now bugger off boss and start your Family Christmas

 

 

 

Thunder

[tjsa]

^{FANTASTIC!!!!}

[AzuluSpookd]

Question for ya TJ and any one else who knows.....

 

My girls are 11 and 12...is it still worth it to get the RESP''s ?

[Handlebarz]

Thats awesome to here congrats OFC

[TJQ]

Azulu... If you want I can have my rep get ahold of ya.. I dunno..

[camillj]

Good on ya TJ !

[tschirk]

Good on ya!

I just topped my son's up...feels good!

[TJQ]

To be honest with the new parents.. you reallly should be putting as much as you can in them, with what the govt matches they are a good invesment.. I would stay away from the banks though go with usc or cst etc..

[Spiel]

:clapping: :clapping:

[bubbles]

Question for ya TJ and any one else who knows.....

 

My girls are 11 and 12...is it still worth it to get the RESP''s ?

 

 

The key is the government gives you 20%, FREE MONEY, it is always worth it.

 

Well done TJ and the rest of the group here.

[Gman]

The key is the government gives you 20%, FREE MONEY, it is always worth it.

 

To maximum of $500/yr per child.

 

Been saving money for both children since they year before they were born and haven't stopped. We believe it's part of planned parenthood. Little bit every month over a long period is much more painless than larger sums over a shorter period plus you get the benefits of dollar cost averaging and compounded growth - the 8th wonder of the world!

 

Congrats TJ!

 

Cheers G.

Edited December 23, 2009 by Gman