Well it’s hard to answer that question without knowing the individuals future goals. But I can tell you one thing if you don’t work for a company that offers you any sort of future pension you need to consider that CPP and OAS will not be enough cash flow in the future for you to live off of. That’s why we have RRSPs; whether your an optimist or a pessimist in relation to the markets, you need to consider that the current tax deduction an RRSP can bring you and the future growth over the long term should outweigh the concern of your money depleting away in an RRSP.
Make sure you voice any concerns about your risk tolerance with your advisor and not to be invested in volatile funds if you cannot handle fluctuations in the markets.
Talk with your financial advisor today the deadline is March 1st to invest in RRSPs before the 2012 deadline.
Disclaimer: The information contained herein is not meant to be professional advice but for educational purposes only. You should consult with your accountant when handling such matters.