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Registered Education Savings Plan

RESP or Registered Education Savings Plan is an essential program for saving for University and post-secondary school expenses.

I stopped and checked, and I have dedicated a lot of electronic ink on the subject of the Registered Education Savings Plan and specifically my “interactions” with TD and associated Universities over my daughters’ academic careers. While I used the TD Mutual funds, there are many other better ways to do this. For anyone planning on sending their children to a post-secondary school, the RESP is an essential financial tool.

This is free money folks, why you would not want to have it, is beyond me.

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New Kids and Money

Are you thinking about starting a family, here is some simple advice about kids and money. If you have a choice, better to plan first. #RESP

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RESPs and Rules

As my regular readers know I have been spending a while attempting to figure out the new RESP Rules put in place for RESP withdrawals (I have two daughters attending University and wish to withdraw money… Read More »RESPs and Rules

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Random Thoughts: Back to RESP Week

Some say back to school, others say it is back to RESP week. If you think high school costs are expensive, wait for post-secondary costs.

RESP Piggy Bank

RESP Redemption (Redux)

I went to the bank with our Free letter from my middle daughter’s University (the nice one in Nova Scotia), which was e-mailed to us (for use in RESP Redemption), and finally the entire RESP… Read More »RESP Redemption (Redux)

RESP Piggy Bank

RESP: The Old Switcheroo

Navigating RESP withdrawals can be tricky, especially when dealing with different university policies. This article highlights the challenges of accessing RESP funds, including the requirement for a Letter of Enrollment and how universities vary in their responsiveness. Some institutions make it easy, while others add bureaucratic hurdles. The piece also touches on bank procedures when withdrawing from an RESP and the importance of planning ahead to avoid delays in funding education. A must-read for parents managing Registered Education Savings Plans for their children’s post-secondary education.

Keywords: RESP, education savings, university costs, financial planning, student funding, bank procedures, withdrawal process

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