Bias for action. Gets things done. Go-getter. Traits companies big and small look for. And for good reason, you're being hired to do things! However, action is a secondary step that often overshadows the primary step, direction. Clear direction is the foundation that enables our actions to takeoff. Without it, we're stuck in the mud. Striving for clarity is an underrated skill. Having the courage to ask ( seemingly ) obvious questions, and to check in, making sure we're all on the same page. "O bvious " questions are a low risk, high reward way to add value. At worst, you'll add confidence to our actions. At best, you discover a misalignment that saves us from a dead-end. The more people, the more clear we need to be. The bigger the initiative, the bigger the risk of reaching the finish line, only to realize expectations were off. Success is always uncertain. But we can be certain about what we want and what everyone's job is. Things that can be clea
So you've landed an awesome job. Good on you! You skim over the package and see a retirement savings program. Even better! In Canada, these plans typically come in two shapes. A Group Registered Retirement Saving Plan (RRSP) and a Registered Pension Plan (RPP), aka a Defined Contribution Plan. Let's see how the two compare. Starting with the similarities: Employer contributions and employee matching. This is w hy we love these benefits . Employers will contribute a percentage of your salary automatically to your account. On top of that, they will match a portion of your contributions. Who doesn't love free money? You'll also get a choice in what to invest in - though within the constraints of the plan provider. They'll unusually have a small menu of funds. Try to find the lowest fee option that meets your needs. Onto the differences: The tax treatment is actually the same...but different. Both plans allow you you grow your money tax free. The difference is in ho