Financial Services: Registered Retirement Savings Plans in Canada
RRSPs can be a great financial strategy for reaching your future goals whether you’re looking to retire in the next couple of years or the next several decades. Many Canadians wonder whether RRSPs are the right investment strategy for them. LMBF’s financial advisors are here to work with you and help you curate a financial strategy that is best suited to your goals, income, and life circumstances so you can live confidently knowing you are prepared to handle whatever financial obstacles life might throw your way. If an RRSP is the strategy of choice for you, LMBF’s advisors can help work with you on plans for contributions and tailor guides on how best to make RRSP contributions.
The Benefits of LMBF’s RRSP Services
Here at LMBF, we work hard to develop personal relationships with our clients in order to offer you secure and tailored advice that helps you meet your financial goals. We offer realistic strategies which we curate based on our years of experience and time spent getting to know you.
No matter what your financial goals are for the future, LMBF is here to help you navigate the complicated world of investments and financial strategies to help you find solutions best fitted to your circumstances.
- You want help to save for the future
- You want to grow your savings tax-deferred
- You want the choice of flexible contributions
- You want the chance to pay less tax on your income tax return
- Tax-deferred savings growth
- Stability after retirement
- Recoup from any financial setbacks
- Quality standard of living after retirement
What is an RRSP?
An RRSP, or Registered Retirement Savings Plan (or even RSP - Retirement Savings Plan) is a financial plan that is registered with the Canadian federal government. You can contribute to this plan over the years to build your savings for retirement. In the year that you make your contributions to an RRSP, your funds are considered “tax-advantaged” and can be exempt from taxes that year. Any RRSP investments held within the account can grow “tax-deferred” so long as it remains in the account. RRSPs are considered great strategies whether you are planning to retire in a few years or in the next several decades.
Our RRSP Plan Advisors
In Canada, an RRSP, or registered retirement savings plan, is an account meant to secure investments and savings. There’s no “one way” to go about contributing money to an RRSP, nor is there any guideline available on the Internet of Things designed to help every single Canadian determine their exact contribution strategy. LMBF’s RRSP advisors are here to help you meet your financial goals. If an RRSP is the strategy for you, give us a call today to discuss your needs, your financial goals, and we can get you started right away.