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Opening a Registered Education Savings Plan (RESP) is one of the most effective ways to save for your child's post-secondary education in Canada. But what happens once you open the account? Many parents are faced with a choice: Should you leave the RESP management to the bank, or take control of it yourself by opting for a self-managed strategy?
Here's a breakdown of how to manage your RESP efficiently, including insights from experienced RESP investors on Reddit.
If you’re managing a Family RESP (Registered Education Savings Plan) for your children, you may find it challenging to navigate the best investment strategies as they approach graduation. With three children at different stages of life—ages 15, 13, and 9—how should you adjust your RESP portfolio to ensure optimal growth while minimizing risk?
In this guide, we’ll cover the main points discussed by Reddit users who are grappling with similar situations. From asset allocation to risk management, here’s how you can plan for your family’s RESP needs.
