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Do You Pay Down Your Mortgage Or Invest In An RRSP.doc

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This article discusses the trade off between paying off your mortgage (or debt in general) and investing money (the RRSP being the simplest example).  

This article discusses the trade off between paying off your mortgage (or debt in general) and investing money (the RRSP being the simplest example).

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It turns out that the answer to this question is very personal and not hard and fast. There are a number of factors to consider such as your mortgage rate, your rate of return on RRSP (Registered Retirement Savings Plan) investments, and the time remaining until you must collapse your RRSP. There are also intangible factors like how you feel about risk, loss and volatility, time and effort expended on investing, and whether this should be minimized or not. It is possible to do both – alternating between paying the mortgage only in some years, and emphasizing the RRSP in other years. This article is to make you aware of these factors as they apply to your situation, allowing you to make more informed decisions.  

It turns out that the answer to this question is very personal and not hard and fast. There are a number of factors to consider such as your mortgage rate, your rate of return on RRSP (Registered Retirement Savings Plan) investments, and the time remaining until you must collapse your RRSP. There are also intangible factors like how you feel about risk, loss and volatility, time and effort expended on investing, and whether this should be minimized or not. It is possible to do both – alternating between paying the mortgage only in some years, and emphasizing the RRSP in other years. This article is to make you aware of these factors as they apply to your situation, allowing you to make more informed decisions.

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I have no positions in any stocks mentioned in the work, and no plans to initiate any positions within next 72 hours. I receive no compensation to write about any specific stock, sector or theme.

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Upload date:

17 Nov, 11 

Last updated:

09 Jul, 12 

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09 Jul, 12