Starting RRSP at 35 costs you $347,000. Period. 1. Waiting just 10 years to start contributing costs you $347,000 at retirement — that’s the verified difference between starting at 25 versus 35 on identical monthly contributions, purely from compound growth. → $347,000 2. Before you panic about your RRSP gap, remember CPP and OAS together can pay you up to $27,115 per year — that’s $1,507.65 monthly from CPP plus $751.97 from OAS forming your retirement foundation. → $27,115/year 3. Those ‘cheap’ 2% MER mutual funds your bank sold you aren’t cheap — that fee silently destroys roughly $377,000 of your wealth over 30 years compared to a low-fee alternative. → $377,000 4. Use a 4–6% real return in any RRSP calculator — and don’t forget you must convert your RRSP to a RRIF by December 31 of the year you turn 71, with mandatory minimum withdrawals starting the following year. → Age 71 Full RRSP calculator guide 🌐 getwealthy.blog #canadafinance #personalfinance #canadianmoneytalk #moneytips #canada
Certified Financial Planner (CFP) and Chartered Investment Manager (CIM) with over 17 years of experience in Canadian personal finance. Spent 10+ years at one of Canada's Big Five banks, the last 7 focused exclusively on high-net-worth clients. Every guide is written with the same depth I bring to real client work — Canada-specific, CRA-verified, and always free.