@king8link Thanks for your comment. At TD we are committed to transparency on our social media channels. We only remove comments that use inappropriate language. We want to hear from our customers! Thanks for watching and stay tuned for more videos from TD.
RSPs are useless, buy gold and silver and keep it, put it in your closest. Due to inflation, 401k will be able to buy you a loaf of bread by the time you retire, or it won't be worth anything more than a piece of paper, if that.
Why don't you show people how you make money? For example how you'll pay someone a pathetic interest rate on an RSP, but yet re-lend that same money at 5 times the rate over the same time period thus enabling your shareholders to own private jets and drive Bentleys on the money they made off that interest, while the RSP client will be lucky to pay the rent and buy food at retirement.
I wonder how many people would stop using products like this if they knew this and understood the rule of 72.
The video also does not mention that when you go to withdraw the money as an income it is taxed 100 cents on the dollar. So all that income tax you thought you were saving over the years, guess what....
There are far better ways and models out there for saving money, however very little is known about it because the true agenda is to keep people in debt, financially controlled as well as enslaved to our creditors and jobs/employers
RRSP is the best for people that is in their highest marginal tax bracket period; its mostly for tax decution purpose
younger people with lower marginal tax should look for TFSA
and ur grandpa should be looking at nothing as all of his retirement plans shouldve been done already when he was younger; you can grow a retirement fund in a year or two, so old people cant really do anything at that point
I just cant believe this lady is saying that with her refund she'll be going on a shopping spree. Yish! Believe it or not, with the refund coming out of the RSP deduction, it should be put back in the RSP over and over again, thus making the amount larger and making the compound interest work harder to the person's advantage, and NOT to be used on a useless shopping spree. Appealling to the young, extra money to spend but it's not the reason why RSP exists ! Stick to the REAL reasons why !
Making an annual RSP contribution can greatly reduce the amount of income tax you pay in that year and the money you put away can have years of tax-deferred growth potential. Seems like a good idea to us!
@SlenderBlondegGtrGrl ... Silver Bullion is a bargain right now. Paper money is going the way of the dodo bird, so I'd agree with you, ditch your dollars for real money of the ages... Gold & Silver investment coins are real money. Paper (fiat currency) is slowly collapsing globally and anyone who keeps it will loose their shirt. Go to a coin shop and avoid the banks and these RSP scams. They're completely worthless investments the coin shops will sell you real money - Canadian Maple leaf coins.
GOD> RBC > TD >
rohith845 2 weeks ago
I had TD insurance for my car from Nov. 13, 1999 to 2010.
I am 53 year old. I have not reported any claims.
From Nov, 16, 2007 to Nov, 16, 2011 TD insurance increased
the payment by $ 1,368.00 for NO reason.
In Nov, 2010, I cancelled with TD insurance and went to a different insurance company.
Please search my web: TDinsuranceTooExpensive
2011azyo 11 months ago
@king8link Thanks for your comment. At TD we are committed to transparency on our social media channels. We only remove comments that use inappropriate language. We want to hear from our customers! Thanks for watching and stay tuned for more videos from TD.
TDCanada 1 year ago
RSPs are useless, buy gold and silver and keep it, put it in your closest. Due to inflation, 401k will be able to buy you a loaf of bread by the time you retire, or it won't be worth anything more than a piece of paper, if that.
TheTrueJBV3737 1 year ago
Why don't you show people how you make money? For example how you'll pay someone a pathetic interest rate on an RSP, but yet re-lend that same money at 5 times the rate over the same time period thus enabling your shareholders to own private jets and drive Bentleys on the money they made off that interest, while the RSP client will be lucky to pay the rent and buy food at retirement.
I wonder how many people would stop using products like this if they knew this and understood the rule of 72.
robertkurt2 1 year ago
The video also does not mention that when you go to withdraw the money as an income it is taxed 100 cents on the dollar. So all that income tax you thought you were saving over the years, guess what....
There are far better ways and models out there for saving money, however very little is known about it because the true agenda is to keep people in debt, financially controlled as well as enslaved to our creditors and jobs/employers
robertkurt2 1 year ago
I'm surprised TD didn't disable comments.
Not that I disagree with the comments, but they usually skew the message or image of a company if they don't.
kingn8link 1 year ago
THANKS FOR TEACHING ME SOMETHING I LEARNED IN GRADESCHOOL
xcameronxarmstrongx 1 year ago
Then I can use my savings to pay YouTube to stop putting these ads all over the place!
someguyoutthere110 1 year ago
Im gonna recommend this to my grandpa!
lovelypacific 1 year ago
@lovelypacific no grandpa is too old to start RRSP
RRSP is the best for people that is in their highest marginal tax bracket period; its mostly for tax decution purpose
younger people with lower marginal tax should look for TFSA
and ur grandpa should be looking at nothing as all of his retirement plans shouldve been done already when he was younger; you can grow a retirement fund in a year or two, so old people cant really do anything at that point
warset 1 year ago
@warset *deduction
warset 1 year ago
I just cant believe this lady is saying that with her refund she'll be going on a shopping spree. Yish! Believe it or not, with the refund coming out of the RSP deduction, it should be put back in the RSP over and over again, thus making the amount larger and making the compound interest work harder to the person's advantage, and NOT to be used on a useless shopping spree. Appealling to the young, extra money to spend but it's not the reason why RSP exists ! Stick to the REAL reasons why !
CantMakeIt 1 year ago 3
Comment removed
CantMakeIt 1 year ago
Making an annual RSP contribution can greatly reduce the amount of income tax you pay in that year and the money you put away can have years of tax-deferred growth potential. Seems like a good idea to us!
TDCanada 1 year ago
This has been flagged as spam show
@SlenderBlondegGtrGrl
haha
RealDeadOne 1 year ago
Comment removed
RealDeadOne 1 year ago
@SlenderBlondegGtrGrl ... Silver Bullion is a bargain right now. Paper money is going the way of the dodo bird, so I'd agree with you, ditch your dollars for real money of the ages... Gold & Silver investment coins are real money. Paper (fiat currency) is slowly collapsing globally and anyone who keeps it will loose their shirt. Go to a coin shop and avoid the banks and these RSP scams. They're completely worthless investments the coin shops will sell you real money - Canadian Maple leaf coins.
creativeguitarstudio 1 year ago
@SlenderBlondegGtrGrl thanks!
thinktothemax 1 year ago