| Investments Knowing that investing in an RRSP or TSFA is smart is one thing. Knowing which one is best for you and finding the time and extra cash to do it is another. We can help.
- Battle of the Abbreviations - What's the Difference?
RRSPs (Registered Retirement Savings Plans) are a steady, reliable savings tool and can be as aggressive as you want them to be. Not only do they build your wealth over time, RRSPs will put more money in your pocket through tax savings today.
TFSAs (Tax Free Savings Accounts) are the mirror image of an RRSP. You contribute to a TFSA after-tax dollars, so you don't get a deduction for your contribution. But once the money is in the plan, it not only grows free of tax, but also comes out free of tax.
Still confused? Our Personal Financial Planner Kara Baker can make it crystal clear.
- Finding the Time
Kara Baker to the rescue once again. On top of all that she does to help members like you understand and reach their financial goals, she'll come to you to make it happen. With personal service like this, 'finding the time' is no longer an issue.
- Finding the Cash
We offer low-interest RRSP loans that take you from feeling cash-strapped to investment-savvy. Plus, we'll let you defer your first payment until May, so you can use your nice big tax return to pay down your loan.
At New Community Credit Union, we offer our members the kind of personal service that makes saving for retirement easy. With so many investment options available, you may be having a tough time determining where to invest your hard earned money. Whether you are interested in investing online, in index linked deposits, or in term investments, we have many options to suit your saving lifestyle. All monies deposited in our Credit Union are guaranteed by the Credit Union Deposit Guarantee Corporation.
Contact Kara to learn more and get started building your nest egg today. But don't take too long. The deadline for RRSPs and all the tax savings that go with them is February 29, 2012.
Call Kara today at 306.653.5136 or email her at kara.baker@newcommunity.cu.sk.ca.
*Mutual funds are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
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