Tricia and Lars are saving in a family registered education savings plan to pay the children’s university tuition.
We asked Barbara Knoblach, a certified financial planner at Money Coaches Canada in Edmonton, to look at Lars and Tricia’s situation.
Her analysis assumes they have already taken advantage of the maximum Canada Education Savings Grant, which is $7,200 per child.
Lars and Tricia have expressed concern about their ability to handle unforeseen events such as job loss.
Assets: Cash $27,180; her TFSA $123,900; his TFSA $143,180; her RRSP $72,705; his RRSP $100,800; registered education savings plan $104,000; residence $1,300,000...
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