Unlike non-registered investment accounts or TFSAs, the ability to defer taxation to retirement through an RRSP provides an incentive to invest over several decades
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But beyond that tax refund in the spring, the long-term investments inside RRSPs ultimately determine how people live in retirement. That means choosing the right mix of investments that grow over time is paramount. Globe Advisor spoke with three veteran money managers about their best long-haul RRSP investment picks.Hikes in interest rates of 425 basis points since early last year is a game-changer for money managers like Ms. Avigdor because clients now have the option of shifting assets into bonds and other fixed income with safe and worthwhile yields that can compound over time.
On the equity side of a portfolio, she prefers a split between passive and active management. Her passive pick – nicknamed “spider” – is SPDR S&P 500 ETF Trust“You could just leave [a spider] in your RRSP for 20 or 30 years,” she says. “When you look at the law of averages, it’s on your side. There’s never been a 20-year return in the S&P 500 that was negative.”
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