Just a reminder about two more tax deferred vehicles like the RRSP / TFSA
1) RESP -- if you plan to take more education, you can contribute to this. As an adult, you don't get the government match, but it grows tax free and the year(s) you are a student with low income, it is taxed on your personal income rate when withdrawn (but not the whole thing, just the growth is taxed later). So this is a tax deferral growth strategy for up to $50k per person.
2) Disability DRSP account -- but if you have a disability that qualifies, you already know about this viable alternative / complement to the RRSP.
Lastly, the other investments
1. Taxable account (CDN dividends, foreign stocks, or stock porfolios that you might sometimes lose money on). This is a good one, the one I chose.
2. ) Segregated funds..ok, lots of fees, lower returns, think "universal life" (blech), so not recommended unless you are small business owner because of business risk sheltering options...
3.) Real estate -- some people put more $$ onto their mortgage to pay it down, maybe a good idea now that interest rates are going up and you have extra money?
4) Annuities may be on the rise again with better interest rates. People over 60 should at least investigate if this could form the basis of a self made "guarnateed pension plan" for your base retirement needs.