Guide: How to draw down a $200k RESP over a 4 year university program
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So, you successfully front loaded your RESP (as per my recent FP Collective post), and years later you have $200k.... how do you get the money out over the course of a typical 4 year post-secondary educational program?
Follow along in the below thread on X as I let you know how you could strategically draw down a RESP that grew to a significant size. I show you how you can not only pay for school, but also give your child a significant head start in their TFSA and first home savings as well.
Guide:
— Aaron Hector, R.F.P., CFP, TEP (@AaronHectorCFP) May 8, 2024
"How to draw down a $200k RESP over a 4 year university program"
Let's say you front loaded your RESP, and years later you have $200k.... how do you get the money out?
Thread👇 pic.twitter.com/AoBRwC3WhT
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