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Top 5 Hacks To Maximize Your Child's RESP

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Manage episode 433181303 series 3460431
Content provided by Unconventional Wisdom & Advice Inc. and Ed Rempel. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Unconventional Wisdom & Advice Inc. and Ed Rempel or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Many people are saving for their kids’ future education costs in an RESP.

For some parents, it is a higher priority and they want to be able to maximize the benefits of an RESP - not just contribute the standard $2,500/year for each child.

In my latest podcast episode I talk about the five hacks to maximize your child’s RESP.

You’ll learn:

  • How much might a 4-year degree cost in 18 years?
  • Is it good for your child to pay for their education?

  • What asset allocation is best to maximize your child’s RESP?

  • What are the RESP contribution rules?

  • How do most parents contribute to their child’s RESP?

  • What are the top 5 hacks to maximize your child’s RESP?

  • What are the issues with using an In Trust For (ITF) account?

  • Should you use a Family RESP or individual RESP?

  continue reading

103 episodes

Artwork
iconShare
 
Manage episode 433181303 series 3460431
Content provided by Unconventional Wisdom & Advice Inc. and Ed Rempel. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Unconventional Wisdom & Advice Inc. and Ed Rempel or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Many people are saving for their kids’ future education costs in an RESP.

For some parents, it is a higher priority and they want to be able to maximize the benefits of an RESP - not just contribute the standard $2,500/year for each child.

In my latest podcast episode I talk about the five hacks to maximize your child’s RESP.

You’ll learn:

  • How much might a 4-year degree cost in 18 years?
  • Is it good for your child to pay for their education?

  • What asset allocation is best to maximize your child’s RESP?

  • What are the RESP contribution rules?

  • How do most parents contribute to their child’s RESP?

  • What are the top 5 hacks to maximize your child’s RESP?

  • What are the issues with using an In Trust For (ITF) account?

  • Should you use a Family RESP or individual RESP?

  continue reading

103 episodes

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