Would you like to retire with a million dollars saved up? Everybody has to have their savings and money reside somewhere. In today’s episode, we talk about the difference between a Whole Life Policy as compared to an RRSP for storing your million-dollar retirement. One of the things many Canadian citizens do not take into account is the tax dues, lack of control, and risk of market downturns that can adversely affect your retirement fund and become a major pain point for a person once they have retired. 

 

IN THIS EPISODE, YOU WILL LEARN: 

0:00 Introduction 

3:56 Retirement with a million dollars in an RRSP vs a Whole Life Insurance

9:56 The power of financial control with a tax-free account

16:37 Going into business with Revenue Canada 

19:25 Canadian’s are tired of being overtaxed

21:38 Market dips in RRSP accounts