Thinking Outside the Box

We buy into the idea that we have to make ends meet so we go into work and try to put away for retirement. Would you like some free RRSP advice to dramatically increase your investing potential? Real estate, especially in Alberta, Canada is a fabulous investing vehicle for retirement and you can do it through your plan.

If you transfer your RRSP portfolio into a self directed type you can use those funds to buy mortgages on real estate property in a few different ways. The first one is to leave it with your financial advisor and let him put it into a mortgage pool where you contribute to various pieces of real estate. Your return on investment is considerably better than the rate you are probably getting right now.

Your second choice is to find a lender that will take your RRSP investing dollars and in a sense, loan it back to you for your own investing. This way you can use those funds to mortgage a home or property that you yourself own. They aren't easy to find but it can be done. If you sell a home you can transfer those funds to your next property.

Don't let your advisor sell you on the idea of security when investing as that is his job, but rather think about the returns you are getting right now compared with the returns people who buy a mortgage on a home are getting. The numbers say it all. Think outside the box and sell yourself on the idea that you can do more with those investment dollars. Rhonda Hoffman

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