It’s time to stop pretending RRSPs are a universal retirement-savings vehicle
Boomers are contributing to RRSPs avidly. Younger people, not so much. Joseph De Dominicis, vice-president and Ontario retirement leader for Morneau Shepell, said people in their 20s through early 40s may simply not have the money for RRSPs.
“They just have so many other competing priorities for their dollars – getting onto the property ladder, paying their mortgage,” he said.
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