Top 5 Hacks To Maximize Your Child's RESP
Unconventional Wisdom · Ed Rempel
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Show Notes
Many people are saving for their kids' future education costs in an RESP.
For some parents, it is a higher priority and they want to be able to maximize the benefits of an RESP - not just contribute the standard $2,500/year for each child.
In my latest podcast episode I talk about the five hacks to maximize your child's RESP.
You'll learn:
- How much might a 4-year degree cost in 18 years?
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Is it good for your child to pay for their education?
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What asset allocation is best to maximize your child's RESP?
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What are the RESP contribution rules?
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How do most parents contribute to their child's RESP?
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What are the top 5 hacks to maximize your child's RESP?
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What are the issues with using an In Trust For (ITF) account?
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Should you use a Family RESP or individual RESP?