Where Is The Best Place To Save For Retirement? 
Where the best place to save for your retirement depends on your situation . As a general rule though a plan that has tax deferral is best . That will allow you to receive the full effect of compound interest or growth . In Canada plans like Registered Retirement Savings Plans -LRB- RRSP -RRB- are tax deductible and provide tax deferred growth , they are designed specifically for retirement savings . The income is taxable when it is withdrawn . If you have a plan where your employer will contribute and perhaps match your contributions . It might a Registered Pension Plan or towards your RRSP , regardless that is hard to beat . Other option is a Tax Free Savings Account -LRB- TFSA -RRB- where the contributions are not deductible , but have Tax Free growth and the money is not taxed on withdrawal . There is no cookie cutter plan or product that is best . I really depends on your individual objectives . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community . 