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You're Over-saving Your RRSP. Here's How To Fix It...
In this episode of the AskTMFG Podcast, Financial Advisors Carlo Cansino and John Iaconetti break down why blindly maximizing your RRSP every year may actually work against your long-term financial plan.
They explain how high-interest debt, lower retirement tax brackets, RRSP loans, and poor contribution timing can quietly create opportunity costs that many Canadians never account for.
The conversation also explores how debt elimination can sometimes provide a stronger guaranteed financial return than investing, and why optimizing your overall financial position matters more than simply growing your RRSP balance.
👉 https://youtu.be/8nCeSDOlanQ Â
Question for our listeners:
Do you think most Canadians focus too much on maximizing RRSP contributions without considering the full financial picture?
👉 If you’d like help building a retirement strategy tailored to your goals, we’re offering a complimentary portfolio analysis:
https://tmfg.ca/portfolio-analysis/
Follow us on our social channels:
LinkedIn: The McClelland Financial Group
Facebook: https://www.facebook.com/tmfg.ca
Instagram: https://www.instagram.com/themcclellandfinancialgroup_/
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By asktmfgIn this episode of the AskTMFG Podcast, Financial Advisors Carlo Cansino and John Iaconetti break down why blindly maximizing your RRSP every year may actually work against your long-term financial plan.
They explain how high-interest debt, lower retirement tax brackets, RRSP loans, and poor contribution timing can quietly create opportunity costs that many Canadians never account for.
The conversation also explores how debt elimination can sometimes provide a stronger guaranteed financial return than investing, and why optimizing your overall financial position matters more than simply growing your RRSP balance.
👉 https://youtu.be/8nCeSDOlanQ Â
Question for our listeners:
Do you think most Canadians focus too much on maximizing RRSP contributions without considering the full financial picture?
👉 If you’d like help building a retirement strategy tailored to your goals, we’re offering a complimentary portfolio analysis:
https://tmfg.ca/portfolio-analysis/
Follow us on our social channels:
LinkedIn: The McClelland Financial Group
Facebook: https://www.facebook.com/tmfg.ca
Instagram: https://www.instagram.com/themcclellandfinancialgroup_/