Comments on: High Cost Group RRSPs http://www.investingintelligently.com/2007/06/27/high-cost-group-rrsps/ Not just another (Canadian) financial blog Thu, 09 Sep 2010 13:47:06 +0000 http://wordpress.org/?v=abc By: Dave http://www.investingintelligently.com/2007/06/27/high-cost-group-rrsps/#comment-6969 Dave Wed, 11 Jul 2007 07:30:45 +0000 http://www.investingintelligently.com/2007/06/27/high-cost-group-rrsps/#comment-6969 Nabloid and FourPillars: it turns out that I can transfer out to another account once per year. That's nice. Nabloid and FourPillars: it turns out that I can transfer out to another account once per year. That’s nice.

]]> By: Nabloid http://www.investingintelligently.com/2007/06/27/high-cost-group-rrsps/#comment-6968 Nabloid Wed, 11 Jul 2007 04:50:01 +0000 http://www.investingintelligently.com/2007/06/27/high-cost-group-rrsps/#comment-6968 I would definetely be talking to HR to see if some modifications could be made so you have some control over it. Sounds like a good deal though, 5% of even $40,000 is still $2,000 (166.67/month) extra money. And I assume you have some experience and earn a bit more than the $40k starting... I would definetely be talking to HR to see if some modifications could be made so you have some control over it. Sounds like a good deal though, 5% of even $40,000 is still $2,000 (166.67/month) extra money. And I assume you have some experience and earn a bit more than the $40k starting…

]]> By: Dave http://www.investingintelligently.com/2007/06/27/high-cost-group-rrsps/#comment-6965 Dave Thu, 28 Jun 2007 04:00:34 +0000 http://www.investingintelligently.com/2007/06/27/high-cost-group-rrsps/#comment-6965 FourPillars: They make contributions for me (5% of salary). Free money. No matching. If I can transfer assets to my own broker every year that would be cool. FourPillars: They make contributions for me (5% of salary). Free money. No matching. If I can transfer assets to my own broker every year that would be cool.

]]> By: Dave http://www.investingintelligently.com/2007/06/27/high-cost-group-rrsps/#comment-6964 Dave Thu, 28 Jun 2007 03:40:02 +0000 http://www.investingintelligently.com/2007/06/27/high-cost-group-rrsps/#comment-6964 CC: I should check what the exact MERs are. They aren't listed, so I just assumed that they were high. I would make sense if they were a bit cheaper. CC: I should check what the exact MERs are. They aren’t listed, so I just assumed that they were high. I would make sense if they were a bit cheaper.

]]> By: FourPillars http://www.investingintelligently.com/2007/06/27/high-cost-group-rrsps/#comment-6963 FourPillars Thu, 28 Jun 2007 01:46:25 +0000 http://www.investingintelligently.com/2007/06/27/high-cost-group-rrsps/#comment-6963 Dave - what's the deal with the rrsp? Do they make contributions for you? or do they match? You should ask about low cost alternatives but don't hold your breath. You can always transfer assets to your discount broker once a year or so. Deborah - checked out your website - looks good but where's the feed? CC - it depends on how big the assets are - if it's a smaller company with younger employees (like Dave) then there might not be much discount. Dave - what’s the deal with the rrsp? Do they make contributions for you? or do they match? You should ask about low cost alternatives but don’t hold your breath. You can always transfer assets to your discount broker once a year or so.

Deborah - checked out your website - looks good but where’s the feed?

CC - it depends on how big the assets are - if it’s a smaller company with younger employees (like Dave) then there might not be much discount.

]]> By: Canadian Capitalist http://www.investingintelligently.com/2007/06/27/high-cost-group-rrsps/#comment-6962 Canadian Capitalist Thu, 28 Jun 2007 00:37:14 +0000 http://www.investingintelligently.com/2007/06/27/high-cost-group-rrsps/#comment-6962 Dave: I am surprised that your Group RRSP has high cost funds. Did you ask the plan administrator exactly what MER each fund charges? The reason I am wondering is because funds available through my group RRSP charge fees that are about half of what a retail investor will pay for the exact same fund. Dave: I am surprised that your Group RRSP has high cost funds. Did you ask the plan administrator exactly what MER each fund charges? The reason I am wondering is because funds available through my group RRSP charge fees that are about half of what a retail investor will pay for the exact same fund.

]]> By: Dave http://www.investingintelligently.com/2007/06/27/high-cost-group-rrsps/#comment-6961 Dave Thu, 28 Jun 2007 00:30:39 +0000 http://www.investingintelligently.com/2007/06/27/high-cost-group-rrsps/#comment-6961 Deborah: huh? Deborah: huh?

]]> By: Deborah http://www.investingintelligently.com/2007/06/27/high-cost-group-rrsps/#comment-6960 Deborah Thu, 28 Jun 2007 00:01:15 +0000 http://www.investingintelligently.com/2007/06/27/high-cost-group-rrsps/#comment-6960 Isn't it great when they have all of these expensive policies for your own good to protect you? Isn’t it great when they have all of these expensive policies for your own good to protect you?

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