Posted on 21/01/03
Investing early pays off later on
John Anderson's teenaged friends shared a laugh when their 18-year-old buddy started saving for retirement during his final year of high school in Smiths Falls, Ont.Five years later, the Ryerson University information technology management student is the one laughing. Since taking the advice of his father and using $900 in savings to open a registered retirement savings plan in 1998, Mr. Anderson has amassed retirement savings of $10,000.
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