Field hockey reached its modern form in the 19th century as a game played between two teams of eleven players each. Teams compete on a standard 100 x 60 yard field and attempt to score goals by hitting a ball off the ground into a net guarded by the opposite teamâs goalkeeper.
Prior to 2007, it was required that a Registered Retirement Savings Plan (RRSP) be converted to a Registered Retirement Income Fund (RRIF) by the end of the year in which the owner turned 69. The 2007 Federal budget revised this age to 71, for both RRSPs and RPPs.
With this plan, you would have $737,753 in your RRSP in 30 years. It is significantly less than plans #1 and #2, because the tax savings are not going into your RRSP. Plan #4: Borrow money from the bank, and use the tax refund to pay down the loan. Off to the bank every year, as with Plan #1.With this plan, you would have $742,876 in your RRSP 30 years. All four of the above plans are good, because you are putting money into RRSPs.lan #3: Don't borrow money, use the loan payment calculated in Plan #1 as a monthly deposit to RRSPs. Use the tax savings or refund for living expenses. Set up and forget, as with Plan #2.