It’s time to redefine how we save for the future. Yes, there’s a world where you can prioritize both financial security and adventure. Whether it’s traveling the world or hitting the slopes, younger generations want financial strategies that align with their active lifestyles. That and more in a recent survey by Wealthsimple highlighting some interesting trends around how RRSPs can help shape the future you want.
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Enjoy today and secure tomorrow
According to the survey by Wealthsimple, 53% of Canadians believe their RRSP can help them enjoy life today while securing retirement for tomorrow. Shane Murphy, Senior Advisor at Wealthsimple, notes the shift in priorities. He explains that younger Canadians are placing a greater emphasis on adventure and experiences, and they want a financial strategy that supports their passions today while still securing their future. Wealthsimple makes that balance possible.
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The survey found that 57% of respondents prioritize travel, while 64% of savvy savers spend up to $1,000 each winter on skiing and snowboarding. However, 71% admit they don’t budget for these expenses until winter arrives, often feeling torn between enjoying the season and meeting retirement goals. For many, winter sports are not just a luxury but an essential part of their lifestyle, making it even more important to have a financial plan that accommodates both present enjoyment and future security.
A balancing act
Recognizing this financial balancing act, Wealthsimple is offering its biggest-ever RRSP match program. Investors can earn a 2% match on qualifying RRSP transfers and a 1% match on other qualifying transfers. Plus, those who participate can earn up to five Canadian Lift Passes, valid at over 50 mountains nationwide. This unique incentive allows Canadians to enjoy their favourite winter activities while reinforcing the importance of long-term investing.
Shane Murphy emphasizes that an RRSP is more than just a tax break—it’s a smart way to build financial security and the retirement you deserve. For many, RRSP contributions often feel like a sacrifice, but programs like Wealthsimple’s are making it easier to see the immediate benefits of smart financial planning.
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With rising costs and a fast-paced world, Canadians are looking for ways to maximize both their lifestyle and future security. Instead of choosing between adventure and financial responsibility, solutions like an RRSP prove that you can have both. The promotion runs until March 15, 2025, making now the perfect time to invest in both unforgettable experiences and long-term financial well-being.
Feature Photo by Andrei Tanase
*Note you should always do your own research when considering an investment and seek out professional guidance. Gent's Post does not offer financial advice on investments.
