Group RRSP with High MERs
My employer is launching a group RRSP program with 2% matching. This is great... BUT... The company they are going with has very high MERs compared to what I'm paying in my personal RRSP (TD e-series). I still think I am going to contribute to get the matching but I feel a little sick about paying 2.67% MER for a mutual fund... The MER is higher than the matching!
Should I still take advantage of the matching if the MERs are more than the match?
I will then be contributing to one RRSP with great MERs and one with horrible MERs...
Or would I be better off continuing with just TD e-series?
Should I still take advantage of the matching if the MERs are more than the match?
I will then be contributing to one RRSP with great MERs and one with horrible MERs...
Or would I be better off continuing with just TD e-series?
"There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning. " - Warren Buffett