Conventional "wisdom" states that if you maximize your RSP and pay off your mortgage,
"retirement will be fine."
Many canadians are finding that their retirement is "not fine"
The reverse RSP provides you the same tax credit as a traditional RSP.
The "Reverse RSP" combines established CRA rules with the ability to convert
non income producing assets and non tax efficient assets into tax efficient cash flow.
This results in a substantially more rewarding retirement lifestyle.
CASE STUDY
Henry and Danny are 40 year old twin brothers that have the same salary,
the same tax bracket and are contributing $10,000/yr to their retirement strategy.
Danny chooses the "Traditional RSP Strategy"
At age 65 Danny will have approximately $25,000 annual spendable cash flow
Henry chooses the "Reverse RSP Strategy"
At age 65 Henry will have approximately $50,000 annual spendable cash flow
He also has the option to retire at age 51
Would you prefer to be a Danny or a Henry?
