"Act now and act
decisively": TD RRSP Boot Camp
TORONTO, Feb. 19 - General
(Retired) Rick Hillier, former Chief of the Defence Staff and
Patricia Lovett Reid, Senior Vice-President, TD Waterhouse give
last minute marching orders from TD RRSP Boot Camp; sound,
strategic military principles that you can apply to your financial
plan. As the RRSP deadline rapidly approaches, General Hillier and
Ms. Lovett Reid have three key military directives for
investors.
1. Take control of the
situation:
"When a key deadline approaches, go on the offensive and
gather intelligence in order to make an informed decision about
your future actions," says General Hillier.
"This is not the time to retreat. Take
control of your financial future and plan to maximize your RRSP
contribution," says Ms. Lovett-Reid. "Maximizing
your RRSP contribution is one of the best ways to generate a tax
refund, which can be used to pay down your mortgage, reduce your
debt or put in a TFSA for tax-free savings in the
future."
2. Rely on your battle
buddies:
"When you only have a short time to get ready for action,
remain calm and rely on your ‘battle buddies'- those
people on your team who will give you confidence and advice to make
the right decisions," says General Hillier.
"While it's natural to be emotional about
money in times like these, we can't let our feelings steer us away
from our long-term investment strategy. With only a few days left
to contribute money into your RRSP, there is still time to speak to
a professional and ensure your financial plan stays on
track," says Ms. Lovett-Reid.
3. Act now and act
decisively:
"If you don't act decisively when you have all the
information you need, you will miss the opportunity to act at
all," says General Hillier.
"Act now and make your RRSP contribution or
else you will miss out on the potential tax savings. Don't worry if
you haven't decided how to invest your money by the deadline of
March 2, 2009, you can temporarily hold your funds in cash in your
RRSP and take the time afterwards to work with an advisor to decide
the right investments," says Ms. Lovett-Reid. General
(Retired) Rick Hillier joined TD Bank Financial Group in September
2008 as a senior advisor, to support select client/customer
experience initiatives, and leadership development and training
activities.
Further information about making an RRSP
contribution at TD:
Clients can make sure their retirement savings plans are on track
by going into a branch for a TD Personal Assessment. They'll walk
away with a review of their current investments, a clear idea of
how much they should be contributing to their RRSPs to meet their
savings goals, advice and recommendations for next steps, and a
feeling of confidence in their financial future.
With 50% longer hours than the other banks, TD
Canada Trust is open "8 'till late, six days
straight." For clients who can't make it into a branch
before the March 2 deadline, RRSP contributions can be made 24/7
online and over the phone at TD Canada Trust EasyWeb, TD Waterhouse
WebBroker, and TD Canada Trust EasyLine.
For more information, visit:
http://www.tdcanadatrust.com/
and
http://www.tdwaterhouse.ca/
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TD Canada Trust Branch Hours:
Monday - Wednesday, 8:00 am to 6:00 pm
Thursday & Friday, 8:00 am to 8:00 pm
Saturday, 8:00 am to 4:00 pm
For further information:
Barbara Timmins
TD Bank Financial Group,
(416) 307-6498,
barbara.timmins@td.com
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