When considering the goal of funding retirement the best strategy is to
A)rely on getting a job with a good pension plan.
B)ensure that you have enough cash flow to save in an RRSP.
C)rely on CPP and OAS to look after most of your retirement needs.
D)pay off large purchases before opening an RRSP.

Question

Quizplus · Accepted Answer

Relying on a job with a good pension plan, CPP, and OAS may not be enough to fully fund your retirement. Ensuring that you have enough cash flow to save in an RRSP can help you build a significant retirement fund over time, which can provide you with greater financial security and flexibility in retirement. Paying off large purchases before opening an RRSP can be helpful, but it should not be the primary consideration when it comes to funding retirement.

When Considering the Goal of Funding Retirement the Best Strategy