Is the Registered Disability Savings Plan worth it? In theory, the RDSP makes a whole lot of sense. Over a lifetime, the federal government can contribute up to $90,000.
But does it make sense for you?
How much would you actually get from the government? How long would it take to collect all the contributions? When could you start withdrawing money from your account and how much could there be? And how much money would you have to contribute from your own pocket?
It helps to see numbers. Numbers based on your situation…because everybody’s situation is different.
Not everyone is entitled to the same amount from the government. In fact, what you can expect from the government can change from year to year.
So, we’re building an RDSP Calculator for our website. One that will give you numbers based on your own situation.
Make sure you’re subscribed to our newsletter to find out when we launch.