Canada Online - Monday Feb. 8th, 2021 - Geraldine Zaharko: RRSP or TFSA? Which is best for me and why?

Join other ACTION forward women who gather as resources to support each other to reach that next level in all aspects of life.

WHEN: Monday Feb. 8th, 2021

TIME: 12:00/noon - 2:00 pm PST

WHERE: Join us via ZOOM (link will be emailed out to people the day before the meeting)

We follow a set agenda so come prepared to introduce yourself, represent your business, share news about you & post your links in the chat.

Each month we feature a different TOPIC with speakers who educate our attendees with their expertise (20 minutes)

Our speakers do not sell their products or services.

Meet our featured speaker - Geraldine Zaharko!

I’m Geraldine Zaharko - better known as Ger to my family, friends, and close clients. I am passionate about this adventure we call life, and love without prejudice. I am blessed to be married to a man I truly call my best friend. We have two grown children, 2 small dogs and one big cat, all of whom are a constant source of life long vibrancy. Our son is my business partner and my Zen master. Our daughter, a cancer survivor, has been a source of many lessons for me to illuminate what is truly important.

I have been in the Financial field for over 25 years. I started part time to supplement our family finances for all the extras.  My husband made a good income, yet soon private school, hockey, and Irish dancing quickly added up. I decided on focusing as a full time mum, after facing down cancer, while I was learning the rules of the money game. I came to realize through my own financial education, that sadly, too many middle and low income families don’t always understand how the money rules work.

One of my goals in life is to ensure that everyone has the benefit of the financial advantages available to them. Money can’t buy happiness but I do know it can provide better choices and freedom. I feel my skills and knowledge, applied with the passion that drives me, can bridge that gap and help others pave the way to Financial Freedom.

Why should you attend this session?

How many times do we get our T4 at the end of the year and wonder what actually happened to all of the money that we made? If you earned $80k gross but ended up with nothing in your RRSP's or TFSA's ,or worst yet,not even an Emergency fund that means that you worked the whole year to simply eat/sleep/socialize & pay your bills. All except the bill paying are fine, however what if you dream of something more? What are your best options What I will be covering are a couple of vehicles you can use to save for your goals/dreams and retirement in the most tax efficient manner which always varies based on your personal financial circumstances. A good rule of thumb is if you earn under $40k/year in most normal situations the TFSA is your best friend, first and foremost, before the RRSP. Keep in mind that at retirement most of your income sources i.e. pensions, RRSP's, RIF's, CPP and OAS are all going to increase your marginal tax rate whereas any funds withdrawn from your TFSA have ZERO tax implications.

In this interactive session you will learn:

1)  The difference between a TFSA and RRSP

2) What are the advantages and disadvantages of an RRSP?

3) What are the advantages and disadvantages of a TFSA?

This promises to be an exciting meeting filled with fun, learning and growth.  Looking forward to seeing you there! Register early as these meetings fill fast!!

Michelle Slaney-Trovato

Canada Connection Coordinator

This email address is being protected from spambots. You need JavaScript enabled to view it.