RSP season has generated a fair bit of commentary on two of the Blogs I follow. Frugal Trader at Million Dollar Journey has posted a number of items on his financial plans for retirement. From his calculations, it looks like he won't be needing the million dollars.
Canadian Capitalist has also been discussing this topic, with a number of posts including when to contribute, when to claim your deduction, and some instruments to avoid.
Personally, I've decicided to cease making contributions to my RRSP, and instead begin to look at un-registered investments. Our immediate goal is to further reduce our mortgage amortization. Over the past three years, we have reduced our amortization from 25 years to 12. I'd like to reduce it below eight years, by the renewal date in Feburary 2009, as the mortgage would then coincide with my early retirement date.
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