Savings
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Types of savings
Some investment vehicles offer high returns, while others grow your money slowly but surely. What type of investment is best suited for you?
Identifying the most appropriate ones for your types of projects will allow you to select those that are most likely to be effective for you.
RRSP
TSFA
Annuity products
RRIF
LIF
LIRA
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Advantages
These investments will benefit you by being either tax sheltered or high yield or producing tax-deductible interest, among other advantages.
You can even earn interest on some savings products.
Tax-free savings
Registered retirement income
Life income
Locked-in retirement fund
Disability savings
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Listening to your advisor
Depending on your goals and budget, many savings vehicles may be available. They have many advantages:
Setting up an emergency fund
Easy access to your money
Safe investment
Money put aside
Moreover, it is essential to update your financial goals on a regular basis, in order to reassess your savings or investment needs. As your life changes, I will be available to identify opportunities and grow your money more significantly.