https://padlet.com/karinawalk468/8dsqjgvx9mp4885h Made with charm en-us 2021-03-29 07:43:36 UTC 2021-03-29 08:32:19 UTC hello@padlet.com karinawalk468 https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362422425 Welcome to my padlet on Investing in RRSP vs. Mortgage. You can expect to see different insights on which factors weigh in for either topic. It is also noted that with looking at the pros and cons, these resources illustrate that it depends on many factors in ones life to decide which is meant to invest in first. ]]> 2021-03-29 01:26:31 UTC https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362422425 karinawalk468 https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362425358 This website on 'Your RRSP vs. Mortgage Calculator' reveals which strategy of investing is right for you. It is also a useful website for other tools in the task bar for finding other calculators, information on insurance, financing, the list goes on. It is also helpful in the sense that it is easy to use for first time users.

I choose this website as a tool to give a comparison between the debate of paying off a mortgage or investing your money into your RRSP.  This website would be an asset to anyone looking for an online quick calculator. This website is different from others because it factors your current money to invest. ]]> 2021-03-29 01:27:45 UTC https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362425358 karinawalk468 https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362427137 This website on 'Should You Pay Down Your Mortgage or Contribute To Your RRSP' reveals the possibility of either option and weighs out the more ideal circumstances. It also reveals the pros with regards to age and investing in your RRSP. Furthermore, this website explains a personal financial index and how to withdraw from an RRSP without any penalty. 

I choose this website because I have a bias with Desjardin Insurance, that I have my car insurance with them. I think this website has an edge over other websites because it gives tips on how to pay off your mortgage quicker. ]]> 2021-03-29 01:28:27 UTC https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362427137 karinawalk468 https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362429852 This website to 'Invest in an RRSP, TFSA, or Pay off a Mortgage' reveals in-depth information on advantages and disadvantages of each topic with numbered lists. With an insight on what's the best option. Conclusively, an RRSP would have the most amount of disadvantages. This is contributed by the factor of age and position in life. As this is a newer publication the end of the page gives a contact to get your own personalized financial plan by the writer.

I choose this website because it was very informative of each pro and con. A piece of information that was different was that you have to look at the whole financial picture rather than one aspect. ]]> 2021-03-29 01:29:33 UTC https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362429852 karinawalk468 https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362430403 This website on 'Should You Pay an RRSP or Your Mortgage', although repetitive, reveals an alternative thoughts of factors. Such as interest rates, investment discipline, tax on withdrawal, etc. It states a comparison of what one person has done and how it affected their mortgage investment. This website also explains a deadline on investing so it can still be tax free in Canada, which was March 2nd.  

I choose this website because I enjoy reading The Star, as my mom used to work there. A factor that this website included that others did not was inheritance, although unpredictable, if a possible outcome they advise paying off a mortgage first.]]> 2021-03-29 01:29:48 UTC https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362430403 karinawalk468 https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362431185 This video on 'Current Mortgage Rates' reveals information based in Canada in February. the video reveals variable rates at discounted and non-discounted prices. It includes information with different percentages and time frames. Information on insured rates. It gives insights on what is more risky for the bank. It gives tips for when searching for mortgages to look right up until purchase for the best drop in rates.

I selected this video due to the relevance and most updated information. One piece of information I found to be useful was the comparison between the previous month and insight on which rate was the most flexible.]]> 2021-03-29 01:30:08 UTC https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362431185 karinawalk468 https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362432880 This video of which is the 'Best Bank In Canada to Get a Mortgage' reveals to find a bank that has the least cost over life of said mortgage ratio. Additionally, the one with the most flexibility. The video reveals in order of least to best which bank you should choose. This video is also the first part of a 3 part series, where the second video goes through non-bank options and the third video compares mortgages of banks to non-banks.  

I choose this video with the same creator as my first video choice because he gives very practical information in a brief enough time frame, while still being engaging. What I found to be useful aside from the mortgage was the video mentions which bank has key attributes in their own way. ]]> 2021-03-29 01:30:56 UTC https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362432880 karinawalk468 https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362433714 This video on '5 Tips to Safely Secure your RRSP to a Property' was great at explaining if you are looking to invest your RRSP into a home this is how you should do it. The video reveals an example of one person paying a property outright because their investor withdrew. This was done safely because the loan to value was less than 80%. One of the tips were to know the experience of the borrower. 

I choose this video because it was still within the topic, but used differently by the perspective that someone has already saved a great deal into their RRSP. This video was effective because it illustrated numbers in the example, showing that the ratio of loan to value.]]> 2021-03-29 01:31:18 UTC https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362433714 karinawalk468 https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362434349 This video on 'Is it Better to Pay Off a Mortgage Early or Invest' reveals that it depends on your retirement goals, and current financial situation. The video points out that your home is your asset, and your investment should be diverse. To sit down with a financial planner or advisor. This video values investing in your retirement. The video warns on the tax implication of using your RRSP to pay off a mortgage. 

I choose this video because of the Q&A aspect, I found the video was knowledgeable. What this video illustrated that the others did not, was the gravity of withdrawing your retirement savings to pay off your mortgage and how it would lose value and especially because it would be considered income. Meaning it would add on to become income tax. ]]> 2021-03-29 01:31:36 UTC https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362434349 karinawalk468 https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362435365 This image expresses the math, the extent of money, and maybe the unexpected dues of paying a mortgage. I like this image because it illustrates how costly a mortgage can be, and how you should always calculate this finance.]]> 2021-03-29 01:32:02 UTC https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362435365 karinawalk468 https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362436010 This image expresses a childhood-like nostalgia of how you should start saving as young as possible. To mimic how you saved for sweets when you were a kid, with any loose change or extra cash, it should be put away in a savings account; or piggy bank. ]]> 2021-03-29 01:32:19 UTC https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362436010 karinawalk468 https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362518091 1.) I learned that this topic does not necessary have one hard answer. That instead it depends on what stage you are in life and where you want your money to go. 

2.) This topic is interesting for me because when my parents were still together they never spoke about mortgages, they had lived in this home for 33+ years. When my dad moved out he never really spoke on his finances until I became interested in them. I have also taken an interest in investing and learning about property, regarding what goals I will set to move out. 

3.) The most important thing I would pass on to either my friends or younger brother would be that making sure your retirement is secured is very important. To do thorough research on what is appropriate to each of them, not missing any factors. And to begin with taking advantage of a mortgage and RRSP calculator. ]]> 2021-03-29 02:08:48 UTC https://padlet.com/karinawalk468/8dsqjgvx9mp4885h/wish/1362518091