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Learn about some factors that can affect time horizon, and some examples of investments for different time horizons. If you can afford it, a good strategy is to contribute as much as you can to both. But if you have to choose one over the other, make sure you understand how they differ and make your choice based on your own individual financial and tax situation. You may want to speak with a registered financial professional for advice. They invest in one or more underlying assets, such as a mutual fund.
Subject repayment rules (the assistance holdback amount), depending how long money from government grants and bonds have been in the plan, and tax consequences. For information on either of the above, and how the rules apply to your plan, contact your financial institution or a registered financial advisor.
There are many different types of account you can use to save, for various savings goals. Speak to a registered financial advisor to learn more about the different types of savings accounts and which one(s) will work best for your own personal financial needs and goals. Rm binary options hot tips for indian stock market eurocapital to a TFSA are made with after-tax dollars, and making a contribution to the plan with the lump-sum you received would not prevent you from paying taxes on the sum.
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