In my Portfolio Update Feb 2021, I shared about my first deposit of a meagre $300 into my SRS account.
After collected my pay cheque for Mar 2021, I allocated and channelled another $4,500 into my SRS account, making small steps towards fulfilling the maximum annual contribution amount of $15,300.
$10,500 more to go!
The benefits of contributing to SRS account are enjoyment of tax relief, having an alternative war chest for long term investments and psychologically making yourself "poor" by making your money out of touch as a form of disciplined saving for retirement.
Thanks for reading. As always, stay safe and remain strong!
With love & peace,
Qiongster
No comments:
Post a Comment