RESPs some Final Thoughts
What good is an RESP? If you have kids it is your best option if you are going help your kids, university aspirations.
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.
What good is an RESP? If you have kids it is your best option if you are going help your kids, university aspirations.
The power of compound interest relies heavily on you starting to save or build your portfolio early. Time is on your side, if you start early with your RESP
The question, “University is going to cost how much?” is in the mind of most parents who dream of their kids going to University, better plan for it.