 | |  | |  | | CCA Golden Toque
Join Date: Nov 2000 Posts: 1,020
| Just doing a little budgeting and was curious as to how much everyone puts away in an RRSP or mutual funds each month.
I'm looking to put away between $200 - $400 a month for 30 years or whatever. Not looking to use it to buy a house or car or anything like that.
__________________ <img src="http://img66.exs.cx/img66/4872/667443674eo.gif" alt=" - " /> - you'll never take my red X.<br /><br />Proud owner of a new Tippmann 98c. Mods? Ah, ya......1 or 2. |
| | |   |  | |  | | CCA Golden Toque
Join Date: Nov 2000 Posts: 1,078
| 100 a month into my credit union at work...all this starving student can afford
__________________ 94 Impala SS |
| | |   |  | |  | | --SPECIAL ED--
Join Date: Dec 1969 Posts: 0
| You should be able to retire pretty nice ith $300 to $400 a month. I usually just take out a loan at tax time, and it basically paysn for itself with the extra on the tax return. I took out a $4000 loan and it got me an etra $3800 on my return, so I only have to pay $200 extra. |
| | |   |  | |  | | Black Void Member
Join Date: Nov 2002 Posts: 1,883
| I put $2000 in this year. I want to max them out every year. I can spend lots of coin of the Buick, but I want to be smart enough with my money so I can reitre to the coast before I'm 60. |
| | |   |  | |  | | Moderator
Join Date: Mar 2001 Location: Québec Gatineau Posts: 1,152
| 0$
Hopefully it will be more then that next year.
__________________ Please SQ'se my SPL'ing |
| | |   |  | |  | | CCA Hoser
Join Date: Jun 2003 Posts: 369
| $4000-$5000.
__________________ Xmax 15 in 4.5 cubes tuned to 28hz<br />Eclipse 6x9's <br />Infinity 605cs comps<br />Alpine 7863<br />US Acoustics 4050<br />Kicker KX 400.2 |
| | |   |  | |  | | CCA Hoser
Join Date: Jun 2003 Posts: 369
| Quote: |
Originally posted by DWVW: You should be able to retire pretty nice ith $300 to $400 a month. I usually just take out a loan at tax time, and it basically paysn for itself with the extra on the tax return. I took out a $4000 loan and it got me an etra $3800 on my return, so I only have to pay $200 extra. | A better way to do it would be to have monthy deduction taken off of each pay cheque pre tax. This will allow you to earn a return through out the year rather than let the government make money off of your money before they give it back. Just a thought.
__________________ Xmax 15 in 4.5 cubes tuned to 28hz<br />Eclipse 6x9's <br />Infinity 605cs comps<br />Alpine 7863<br />US Acoustics 4050<br />Kicker KX 400.2 |
| | |   |  | |  | | CCA Golden Toque
Join Date: Nov 2000 Posts: 5,498
| My avdisor told me not to put into RRSPs till I hit the $30,000 tax bracket. She said its not worth it for me in start investing now. [img]graemlins/dunno.gif[/img] |
| | |   |  | |  | | CCA Golden Toque
Join Date: Nov 2000 Posts: 1,020
| $4000-$5000 a month or year?
You're allowed to put in 18% of your total income into an RRSP right? $4000 a month would mean you would make somewhere in the area of $260,000 a year. That's awesome! Do you need a secretary/lackey/etc. by any chance?
__________________ <img src="http://img66.exs.cx/img66/4872/667443674eo.gif" alt=" - " /> - you'll never take my red X.<br /><br />Proud owner of a new Tippmann 98c. Mods? Ah, ya......1 or 2. |
| | |   |  | |  | | CCA Golden Toque
Join Date: May 2003 Location: Ontario Posts: 4,657
| None just yet, when I need to I'll consult mysister since she sets up rrspz and such for a living lol
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