London Life RRSP vs RREGOP

Preparing for life after work. RRSPs, RRIFs, TFSAs, annuities and meeting future financial and psychological needs.
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KanataMich
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London Life RRSP vs RREGOP

Post by KanataMich »

Is it worth taking funds out of the LL RRSP to use the 'buy back' option with Quebec's RREGOP?

What % do these plans pay on an annual basis?

I am 66 and receive:
- QPP
- CPP
- GIS

Total $ owing: < $1750.00

Thank you, Michel

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gobsmack
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Re: London Life RRSP vs RREGOP

Post by gobsmack »

You may have inadvertently added self-doxing info to your post. You may want to edit it.
cashinstinct
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Re: London Life RRSP vs RREGOP

Post by cashinstinct »

How many months does it pay back?

How many years experience in rregop?

Rregop pays 2% per year of service
(Salary Average of best 5 years)

Did you plan to do a RRSP withdrawal anyway? Withdrawal is taxable.

Could you use money from elsewhere to do buyback? Less than $2,000 is not that much.
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