Reggie Lawrence: Family Insurance & Investment Broker

CHILD EDUCATION SAVINGS PLANNING:

I take great pleasure in giving my clients the clear image of their child, diploma in hand, ready to start a professional career (debt-free). A Registered Education Savings Plan, commonly referred to as a RESP, is the best financial tool to help save for a child’s post-secondary education. Although it is better to start planning sooner than later, it is never to

o late to begin. Regular contributions are a great way to make the plan a predictable success. gifts, extra funds, etc) will add to the compounding growth of the plan. The reason why a RESP is such a powerful investment vehicle is because the federal government contributes 20% on top of your contributions directly into your RESP account, up to $500 per year per child (with a lifetime limit of $7,200 per child). The RESP also allows your funds to grow on a tax-sheltered basis until the funds are withdrawn from the plan. Since I have a wide-range of products to choose from, there are additional bonuses that could be added to your plan (up to 15% of all contributions; depending on the age of the child when the plan was started). Feel free to contact me to answer any further questions you may have about planning for the future of your child.