31 Jan 2013 9 Comments
Ahhh… tis the season. RRSP season of course! I am sure many of you are getting calls from your friendly neighbourhood financial advisers wanting you to come in so you can have a chat about how your portfolio performed over the past year. The RRSP deadline is also coming up shortly, so you will want to make a lump-sum to fill up your RRSP. Heck, if you don’t have cash available, I’m sure they can arrange a loan as well! Boy, these advisers really have your best interest at heart, right?
Not necessarily. Shocking, I know. Check out my latest post over at Canadian Budget Binder about why you have to be on alert going into these meetings, and ultimately, how YOU are responsible for your financial health. There is also a couple great questions you can ask your adviser, and I would love to hear what their answers are!
Has your adviser ever told you that “there is no fee” for you to invest with them? Do you know how they are getting paid for their services?
Thanks for reading!