no, no, don't get me wrong. RESP is good. any free lunch is good. It's just different priority for different people at different life stages.

rounder (rounder)
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If your child is a new born, you have enough time to catch up with the RESP contribution, like make a lump sum contribution within the carry over period, when you feel more financially secure. But if you miss the tax benefit for house purchasing, you just miss it. If you are like rounder who don't have the luxury to buy all the good stuff at once, you need to prioritize according to your own situation.

For the membership fee, I haven't read Egg's terms.(Correct me if I am wrong,Egg. ) But if I have to make an intelligent guess, usually it will be designed in a way that only those who contribute the full amount can benefit from it. Say this year you only want to contribute $500 instead of $2000, under a pure management fee structure, you pay 1/4 of the management fees. But with the membership fee, you essentially are paying a flat annual fee (the interest on your membership) and a smaller variable part. So there is a financial dis-incentive for low contribution.

Finally I am not a trained financial advisor so don't take it as an experts opinion. If it can help you throw some good questions at your broker, I will be happy.
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2001-6-12 -04:00

回到话题: 请教RESP问题,哪种好?昨天heritage的代理上门介绍,他们是保本的,98,99,2000年的回报都在8%以上,年管理费0.5%,会员费3900(孩子上大学时退还). 其它mutual fund都不保本,年管理费2.5-3%.有经验的大侠请进

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