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Henry Moulin RECS, CRES, ABR. Henry Moulin Realty Inc. Should I pay down my house or contribute to RRSPs? If you have received a salary increase, should you use your extra cash flow to pay down your mortgage faster or to contribute to your RRSP? It depends on whether your RRSP growth rate can exceed your mortgage interest rate. Under both scenarios, you can accumulate an RRSP worth over 500,000 by 65. But the second scenario, with the early start to the RRSP, can give you a significantly larger RRS.
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Henry Moulin RECS, CRES, ABR. Henry Moulin Realty Inc. Should I pay down my house or contribute to RRSPs? If you have received a salary increase, should you use your extra cash flow to pay down your mortgage faster or to contribute to your RRSP? It depends on whether your RRSP growth rate can exceed your mortgage interest rate. Under both scenarios, you can accumulate an RRSP worth over 500,000 by 65. But the second scenario, with the early start to the RRSP, can give you a significantly larger RRS.

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This web page realestatesaskatoon.blogspot.com states the following, "Henry Moulin RECS, CRES, ABR." We saw that the webpage said " Should I pay down my house or contribute to RRSPs? If you have received a salary increase, should you use your extra cash flow to pay down your mortgage faster or to contribute to your RRSP? It depends on whether your RRSP growth rate can exceed your mortgage interest rate." It also said " Under both scenarios, you can accumulate an RRSP worth over 500,000 by 65. But the second scenario, with the early start to the RRSP, can give you a significantly larger RRS."

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