TJQ Posted December 22, 2009 Report Share Posted December 22, 2009 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!!! Link to comment Share on other sites More sharing options...
Roy Posted December 22, 2009 Report Share Posted December 22, 2009 God bless you and the entire OFC Community! Link to comment Share on other sites More sharing options...
Rich Clemens Posted December 22, 2009 Report Share Posted December 22, 2009 Sweeeeet Link to comment Share on other sites More sharing options...
lew Posted December 22, 2009 Report Share Posted December 22, 2009 Thanks TJ, it's always nice when we can offer a helping hand. Link to comment Share on other sites More sharing options...
irishfield Posted December 22, 2009 Report Share Posted December 22, 2009 Thanks for the update Boss! Glad to be part of it ! Link to comment Share on other sites More sharing options...
icedude Posted December 22, 2009 Report Share Posted December 22, 2009 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 Link to comment Share on other sites More sharing options...
tjsa Posted December 22, 2009 Report Share Posted December 22, 2009 FANTASTIC!!!! Link to comment Share on other sites More sharing options...
AzuluSpookd Posted December 22, 2009 Report Share Posted December 22, 2009 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 ? Link to comment Share on other sites More sharing options...
Handlebarz Posted December 22, 2009 Report Share Posted December 22, 2009 Thats awesome to here congrats OFC Link to comment Share on other sites More sharing options...
TJQ Posted December 22, 2009 Author Report Share Posted December 22, 2009 Azulu... If you want I can have my rep get ahold of ya.. I dunno.. Link to comment Share on other sites More sharing options...
camillj Posted December 23, 2009 Report Share Posted December 23, 2009 Good on ya TJ ! Link to comment Share on other sites More sharing options...
tschirk Posted December 23, 2009 Report Share Posted December 23, 2009 Good on ya! I just topped my son's up...feels good! Link to comment Share on other sites More sharing options...
TJQ Posted December 23, 2009 Author Report Share Posted December 23, 2009 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.. Link to comment Share on other sites More sharing options...
Spiel Posted December 23, 2009 Report Share Posted December 23, 2009 :clapping: :clapping: Link to comment Share on other sites More sharing options...
bubbles Posted December 23, 2009 Report Share Posted December 23, 2009 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. Link to comment Share on other sites More sharing options...
Gman Posted December 23, 2009 Report Share Posted December 23, 2009 (edited) 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 Link to comment Share on other sites More sharing options...
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