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Is it worth to top up up to 3k for government dollar-for-dollar matching CDA account?
My child's CDA account interest rate is 2%. if i can find investment like robo-advisor return rate which is more than 2%, is it better to invest there than top up in CDA?
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Cryotosensei
01 Feb 2023
Blogger at diaperfinancingfund.blogspot.com
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Yes definitely, government match dollar for dollar means as good as 100% guaranteed returns, easily x10 of what you can get with a robo or endowument.
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Of course it's worth it. Where to find dollar for dollar match Risk free "investment" lol
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Best investment, the expenses will drain off most of the CDA within 4 years after using it for the childcare fee.
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Definitely worth it to top up. You get $3k from the government when you open the account, and a furt...
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There is a $6k dollar-for-dollar matching for my second child and I'm determined to settle that first as an inaugural foray into financial savings for her!