Retirement Investing

Just starting out? Want to get the most out of your investments today? Nearing retirement?

Good investment advice from the PSBT&RP

When you retire the most important financial resource you will have are your RRSP savings. A Registered Retirement Savings Plan (RRSP) is a government approved program which allows you to save a part of your income that has not been taxed. Realize the potential of your long term investments with good investment advice from the PSBT Retirement Plan.

The key to long-term investment success: Starting Early. The first 10 years.

When it comes to starting your retirement investing, sooner is better. Understanding the effects of compounding interest is easy even without investment experience. Not only will your contributions pay off exponentially over time, but your contributions are more manageable later on because you have invested intelligently early on in your working life.

Sooner in the year: Your monthly contribution is worth more than if you wait until the last minute to make you contribution. $400 at the beginning of each month, over a 25 year period, using an assumed 8% interest rate, will accumulate to $365,936 in your RRSP. The same $4,800 invested at the end of each year for the same 25 years is only worth $350,908, which is $15,028 less!

How does our plan perform against industry benchmarks? Lower Fees. Expert Picks. The 2% Difference.

Our investment management fees are lower than the same Brand Name funds you would buy through any other source and lower still than the Segregated Funds sold to individuals by many life insurance companies. Those Segregated Funds have a guaranteed return after ten years or on death. Our Pooled Funds do not have those guarantees, but do offer the same Creditor Protection under the Insurance Act and do pass to a named beneficiary on death, outside of your general estate and so on subject to probate. Averaged out through the life of your investments, our lower management fees could account for as much as a 2% difference in your return giving you enhanced performance for the same funds purchased elsewhere. Take a look at the difference that 2% can make over time:

Rate of Interest Annual Investment Duration Return
8% $4000 25 Years $315,816
10% $4000 25 Years $425,728
The PSBT&RP 2% Difference - $116,912

The Trustees of the Power Sector retirement Program have worked with our research group, our carrier, and our consultant to make your plan one of the best available to any Multi-Employer Union Group in the country.

Group Retirement Services Pooled (segregated) funds are unlike any other mutual funds available to individuals, and are only available to the members of a Group RRSP.