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In order to increase the assets in Rebecca's retirement savings, her financial planner is considering...

In order to increase the assets in Rebecca's retirement savings, her financial planner is considering making a number of recommendations. Prior to obtaining her current employment, she withdrew funds from her RRSP under the Lifelong Learning Plan to upgrade her skills. She has four annual installments remaining on her Lifelong Learning Plan withdrawal and a small amount of savings in a TFSA. Rebecca now works as a sales associate in a small clothing store that has a group RRSP program for all employees which matches employee contributions. Which recommendation provides the best long-term impact to grow her retirement savings?

A.

Transfer her existing TFSA savings to her RRSP and start a monthly contribution plan.

B.

While keeping within her risk tolerance, maximize the equity component of her RRSP and TFSA plans in order to achieve significantly better returns over time.

C.

Repay the final four annual installments remaining on her Lifelong Learning Plan and start a monthly contribution plan to her RRSP.

D.

Enroll in her company's group RRSP program and start a monthly contribution.

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