Thames Financial

Wishing everyone a wonderful Easter weekend! 🐣
We will be closed on Good Friday, April 3,
and will reopen on Monday, April 6.

WARNING – watch your rates, pennies really do matter!

Pennies absolutely matter when it comes to growing your principal. The Power of Compound interest can be said like this: watch your pennies and the dollars will build.

A good financial discipline would always be to watch your pennies, in other words, a GIC rate of 3% vs 3.1% is important as those pennies are going to add up.

Why not give me a call for the best GIC rate, as I’m confident we can watch those pennies accelerate your savings.

RRSPs – Did you know?
1. RRSPs are a great way to save for retirement.
2. Earn compounded interest over time. Picture compound interest as a snowball rolling down a hill, it gets larger and larger as it rolls down the hill, packing more snow into the ball.
3. You can use your RRSP towards your first home, without penalty. This provides a double benefit – growing your RRSP and taking your tax refund, and putting that into your savings account towards your down payment.
4. Education – yes, if qualified, you can pull funds out, again without penalty, for life-long learning.
5. Flexibility in how you invest – mutual funds or GICs, you choose.

Seriously, can you afford not to purchase RRSPs? To find out more about the benefits of RRSPs, contact [email protected]