When do YOU want to retire? With a boomerang CREDIT UNION RRSP, we can help you get there sooner. Our skilled advisors will explore the benefits of a variety of options – like a regular automatic payroll deduction, an annual contribution or a loan to help you top up and save on taxes.
Regular contributions can have a big impact through the magic of compound interest. Your money is tax-sheltered for a longer period of time and your contributions earn interest from day one. Just look at how contributing a few dollars each month adds up…
Example: $100 monthly based on an annual rate of 4%.
|Time||Capital Invested||RRSP Value|
|After 1 years||1,200||1,226|
|After 5 years||6,000||6,640|
|After 10 years||12,000||14,718|
|After 15 years||18,000||24,546|
|After 20 years||24,000||36,503|
|After 25 years||30,000||51,051|
Let us help you put your money to work for you. Call boomerang CREDIT UNION, where your money comes back to YOU!