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 or TFSA.
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 solely on a job with a pension plan or on government programs like CPP and OAS may not provide enough income for a comfortable retirement. Paying off large purchases before opening an RRSP may delay the start of saving for retirement. Therefore, ensuring that you have enough cash flow to save in an RRSP or TFSA is the best strategy for funding retirement.

When Considering the Goal of Funding Retirement the Best Strategy