I had so many questions about pensions, I am breaking down the differences in this blog.

So I was out last night for dinner with my good friend Lynette and the discussion moved towards finances, as it often does! She asked about the differences between RRSPs, TFSAs and RRIFs. So here is a primer:

Raise your hand if you think the words “saving,” “investing,” “retirement” are sexy words? Anyone? Anyone?
How about having a nice cash cushion in your bank account, how do you like the sound of that?