Hi Everyone,
I am new to the realm of investments. Although I have a TFSA, I feel embarrassed for not having opened any pension plan (RPP) or retirement plan (RRSP) in my 2 years of work in Canada.
I have come across ManuLife DC RPP offered to employees at my current company. My organization will match at most 4% of my bi-weekly salary if I contribute into the DC RPP.
Their sales dialog: "A Manulife DC RPP offers lower lnvestment Management Fees (IMFs) compared with individual savings products. As well, Manulife offers access to leading fund managers not generally available to individual investors, plus a diversified fund line-up."
I know the money will be locked-in. So, should I opt for it, or open a personal RRSP?
I am new to the realm of investments. Although I have a TFSA, I feel embarrassed for not having opened any pension plan (RPP) or retirement plan (RRSP) in my 2 years of work in Canada.
I have come across ManuLife DC RPP offered to employees at my current company. My organization will match at most 4% of my bi-weekly salary if I contribute into the DC RPP.
Their sales dialog: "A Manulife DC RPP offers lower lnvestment Management Fees (IMFs) compared with individual savings products. As well, Manulife offers access to leading fund managers not generally available to individual investors, plus a diversified fund line-up."
I know the money will be locked-in. So, should I opt for it, or open a personal RRSP?