And for many out there, that reality means saving for retirement is just out of the picture. And for many low-income, part-time or temporary workers, the keystone of Canadians' private retirement savings — the Registered Retirement Savings Plan (RRSP) — may not be right. That can help in the short term, but you might end up paying more money in taxes in the end. If you're living hand-to-mouth in the precarious work economy, you may assume you don't have enough to save for the long term. Watch out for feesWhen choosing a retirement savings product like an RRSP or TFSA, many people gloss over the fees their bank charges for those products.

Source: Huffington Post February 27, 2019 14:26 UTC