How much money do you need to start a retirement account?

Back to learn

How much money do you need to start a retirement account?

Rounding it up

  • Thinking about building a retirement nest egg? Before you commit to any specific strategy, cultivate a savings mindset.

  • By building your savings, you’ll be better equipped to deal with life’s unexpected events and pay off any interest-bearing debt.

  • Once you’ve cleared any debt, it’s finally time to open a retirement savings account. Registered Retirement Savings Plans (RRSPs) are a popular and tax-efficient choice.

4 min read

Jordan T. Hedberg
#retirement#savings#RRSP#debt

Jordan T. Hedberg

Jordan is a former Broker and current community newspaper Publisher. When he is not researching and exploring the financial world he can be found raising grass-fed beef and goats in the Colorado Wilderness.

Recent Articles

How to open a bank account as an international student

4 Personal finance tips for international students

How much money do you need to move to Canada?

Is cryptocurrency taxable in Canada?

What are the different types of earned wage access?

What credit score do new Canadians start with?

Related articles

How much money do you need to move to Canada?

7 mins

Ryan Severance

Are you thinking about moving to Canada? Here’s how much money you’ll need to qualify for a visa and thrive once you arrive.

How much money do you need to move to Canada?

7 mins

Ryan Severance

Are you thinking about moving to Canada? Here’s how much money you’ll need to qualify for a visa and thrive once you arrive.

#newcomer

#immigration

#visa

#savings

Company

AboutCareersCultureLearnPartnersStatus

Connect

The KOHO Visa* Prepaid card is issued by Peoples Trust Company pursuant to license by Visa Int. *Trademark of Visa Int., used under license. **These services are provided by Service Providers, including Visa, Peoples Trust Company and Galileo Processing. Learn more about your finances with Visa Practical Money Skills.