Hi everyone... First time posting here, was wondering if anyone could offer some quick advice.
I was recently hired at a job where I was offered "Matching Group RRSP contributions"... However, I've never contributed to these before (that I know of) and was a bit confused as to how they worked...
Honestly, as someone who has lived paycheck to paycheck my entire life, I've never planned for retirement. I honestly figured I would be either working my entire life, or my retirement would consist of enough money to buy a jetski, that I would drive into the rocks of the nearby lake at top speed come 65.
Anyway, what benefit is there to me contributing to this RRSP? Apparently it's really good that the company will match whatever I put in... but how much guarantee is there that it will actually be there and available for me in the future?
What hazards are there?
What is the preferred amount that I set aside (should I decide to enroll)? (Especially given that I'm still BASICALLY) living paycheck to paycheck as it is and that any money set aside from this is still going to be "felt" when it comes to paying my bills?
Thanks for everyone's help on this in advance!
Submitted May 11, 2017 at 11:24AM by HodorsGiantDick http://ift.tt/2qXX1h2
