TORONTO, ONTARIO — (Marketwire) — 01/10/12 — As part of BMO Financial Group-s ongoing commitment to financial literacy and -Making Money Make Sense- for Canadians, BMO will be releasing a financial tip every week in 2012.
BMO-s Tip of the Week:
Secure your retirement by opening a Registered Retirement Savings Plan (RRSP) as early as possible and contribute to it on a regular basis (regardless of the amount)
Opening an RRSP early in life, combined with making regular contributions, is one of the most effective ways to ensure you will have enough funds to see you through your retirement years.
Here is how an early start, combined with regular contributions, can work to your advantage:
“Saving for retirement is all about starting as early on in life as possible and making contributions on a regular basis,” said Tina Di Vito, Head, BMO Retirement Institute and author of 52 Ways to Wreck Your Retirement… and How to Rescue It. “Starting early, even with small, regular amounts, can greatly contribute to your savings down the road.”
For more information on saving for retirement, please visit: .
BMO-s Financial Tip of the Week:
: Consider investing in a Registered Retirement Savings Plan (RRSP) and take advantage of tax incentives when saving for retirement.
Contacts:
Media Contacts:
Rachael Mckay, Toronto
416-867-3996
Sarah Bensadoun, Montreal
514-877-8224
Laurie Grant, Vancouver
604-665-7596