RRSP Bingo

in RRSP

One of my favourite games that I used to play at work, would be Meeting Bingo, where someone would print out a Bingo card with a whole bunch of buzzwords, or acronyms that might be used in the meeting, and you tried to fill up your card (although it was very bad form to yell BINGO! in the middle of the meeting). So what is RRSP Bingo.

With this being the last week of RRSP contributions for Tax Year 2014, allow me to give you an RRSP Bingo Card, that you can take with you if you are going to visit a bank or investment institution, and see how many of these terms get used in your meeting (or just how many of these terms are used in Financial Articles this week).

Remember in RRSP Bingo, you can win with a single line, but you can make it more challenging if you try for a:

  • Make a cross (i.e. two lines that cross in the middle)
  • Fill the entire card
  • Fill two Rows of columns
  • And many more
Have fun, but remember not to yell BINGO! if you win

RRSP BINGO

B

I

N

G

O

Spousal RRSP

Balanced Fund

Low Risk High Yield

Home Buyer’s Plan (HBP)

CPP Collapse

Common Sense Investing

Pension Shortfall

Kids Won’t Help

Living in a Van Down by the River

Pension Adjustment

Estate Planning

Market Linked GIC

FREE

Whole Life Insurance

Long Term Planning

Contribution Room (or RRSP Limit)

Stock Market is Dangerous

Retirement Lifestyle

Cash Flow Goals

Locked in Retirement Account (LIRA)

Interest Rates

Lifelong Learning Plan

Financial Security

Whole Life Annuities

The Tax Man

Feel free to comment about other “annoying” or “fun” RRSP terms that I am missing from my game card.

{ 2 comments }

  • Bet Crooks February 23, 2015, 11:00 AM

    Since a RRSP margin account would be illlegal, I would run from the firm that tries to sell me on one!

    I was a bit disappointed not to see my favourite the “market linked GIC” I guess everyone would be yelling Bingo! if you included that one. They have been pushing them hard at my relatives this year, including suggesting a 4-year locked in market-linked GIC to my 80-something year old relative for her RRIF. It makes me angry.

    Reply
    • bigcajunman February 23, 2015, 11:16 AM

      OK, editor’s note, thanks to this helpful comment, I have changed one cell 🙂 Thanks!

      Reply

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