BMO Retirement Tip of the Day: Use a Cash Windfall Wisely
News from Stockhouse:

TORONTO, ONTARIO–(Marketwire – Feb. 27, 2012) – As the February 29th deadline approaches to make a contribution to a Registered Retirement Savings Plan (RRSP) and as part of its ongoing commitment to improving financial literacy, BMO Financial Group will be providing daily retirement tips during the month of February from BMO Retirement Institute Head Tina Di Vito’s new book 52 Ways To Wreck Your Retirement…And How To Rescue It.

Tip Number 50:

Make the most of any available lump sums of cash

If you are fortunate enough to have a lump sum of cash available, there are a few good ways it can be used to help build your retirement nest egg. These include:

1. The RRSP option – An RRSP contribution increases your net worth because of the tax refund you receive. For example, a $ 10,000 RRSP contribution could mean a…………… continues on Stockhouse

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Related News:

Financial tips from the council
News from The Sunshine Coast Daily:

THE council is giving those who want to learn more about dealing with their finances a helping hand.

It wants residents interested in obtaining tips to improve personal finances to join Jodi Nolan — author of Surviving the Storm; how to start with nothing and make millions — for an educational talk and book signing on March 5,  2012 at Caloundra Library.

Whether you are looking for solutions to personal finance issues or need to maximize your business presence, each section of Ms Nolan’s book demonstrates step-by-step how easily you can recover and advance your financial situation.

Be inspired by this financial adviser’s personal story of how she started with nothing and went on to be a self-made millionaire by the age of 29, lost her wealth and is now rebuilding it back again.

Book your place today by calling Caloundra Library on (07) 5499 5444 to attend this not to be missed finance roadmap that covers all there is to know about increasing your financial position.

For more information and to learn about the wide range of upcoming events at your library visit www.library.sunshinecoast.qld.gov.au.
 

…………… continues on The Sunshine Coast Daily
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