Financial Literacy Month-BMO's Tip of the Day: Key to Retirement Savings Success...Save Early, Save Often
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 11/12/12 -- To mark Financial Literacy Month, BMO Financial Group is releasing a series of financial tips throughout November. As part of BMO's commitment to 'Making Money Make Sense', the tips are designed to help individuals and families save and manage their day-to-day finances more effectively.
BMO's Tip of the Day: Secure your retirement by opening a Registered Retirement Savings Plan (RRSP) as early as possible and contribute to it on a regular basis.
Opening an RRSP early in life, combined with making regular contributions, is one of the most effective ways to ensure you will have enough funds to see you through your retirement years.
Here is how an early start, combined with regular contributions, can work to your advantage:
"Saving for retirement is all about starting as early on in life as possible and making contributions on a regular basis," said Marlena Pospiech, Senior Retirement Strategist, BMO Financial Group. "Starting early, even with small, regular amounts, can greatly contribute to your savings down the road."
For more information on saving for retirement, please visit: .
"CFEE commends BMO's ongoing efforts to support Financial Literacy in Canada and promote ways in which Canadians can increase their competence and confidence when managing their personal finances on a day-to-day basis," said Gary Rabbior, President, Canadian Foundation for Economic Education (CFEE).
BMO Financial Literacy Month Tips
November 1:
November 2:
November 3:
November 4:
November 5:
November 6:
November 7: .
November 8: .
November 9:
November 10: Understand what you can hold in your RRSP.
November 11: Stick to the one-third rule when planning the purchase of a home.
Contacts:
Media Contacts:
Rachael McKay
Toronto
(416) 867-3996
Valerie Doucet
Montreal
(514) 877-8224
Laurie Grant
Vancouver
(604) 665-7596
(at)BMOmedia
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Datum: 12.11.2012 - 07:00 Uhr
Sprache: Deutsch
News-ID 1169713
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Commercial & Investment Banking
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