I don’t recommend RESPs, self-directed or not.
Why?
Well, one reason of many is that when you cash the RESPs to pay for your children’s education, it reduces their eligibility to loans and bursary programs….
Maintain your independence and keep your options open Credit union location North Carolina Kinston Greater Kinston Credit Union at all times….
For example:
1. Begin contributing to an insurance policy on behalf of your child…
2. Begin contributing to a non registered investment account in your name…
3. “Borrow to invest” – this strategy will give you the biggest “bang for your buck” after “the insurance policy strategy”…
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