|
Answer:
If i came into some money i would invest it for after i'm 65 and the bulk of my income disappears as i don't have a pension. Right now i'm looking at having a very modest income after 65 and i just pray i don't end up a senior eating Ramen noodles breakfast, lunch and dinner.
I would put it in a retirement savings plan (Registered Retirement Savings Plans or RRSPs they're called, here in Canada). You get decent performance but the big plus is the tax deferment.
Presumably your pre-65 income tax bracket is much higher than your post-65 tax bracket so it's a really good deal. I re-invest the tax deferment (called erroneously a 'tax refund' by the masses). So my savings are growing by leaps and bounds!
Tho i did buy a nifty new pair of decagonal glasses and a high-end pair of shoes, stylish and functional with great support for my aching feet. Baby got a new pair of shoes!
Question:
Do you feel it's better to apologize than to ask for permission?
|