We have been through the range of conversations about investing into RESP’s for our kids for the past decade. We have asked the questions, explored the options and (as far as I was concerned) knew what their was to know.
What I didn’t realize is that there was still MORE to learn.
I recently hung out with the #RESPwithRBC team on a twitter chat where we talked all things investing for our little’s. It was here that I realized that yes, in fact, I CAN transfer an RESP from one child to the next (if first child doesn’t want to use it… or we don’t like them anymore!)
Not only that but, with the RESP-o-Matic, we can direct deposit from our bank account and control how much we want to contribute each month.
RESP’s are not a “someday thing” They are something we need to start doing TODAY so that our kids have choices in their future. It doesn’t matter if they choose to travel the world, go to university or take other post secondary, by starting an RESP now you can give them their choices for THEIR someday!
Find our more about RESP’s with the RBC here and then click to enter the RBC Someday contest where you can win 1 of 4 prizes of $500 to put towards YOUR child’s RESP’s.