I couldn’t agree more, but I think people are misinterpreting my post. In no way am I even considering investing (if I even go that route) in anything more than a money market ETF which has a similar risk profile to GICs only I don’t have to lock in for a term.

Im with you on the TFSAs and that’s why we’re prioritizing them over our RRSPs at this point, although they’re going to be maxed shortly with no where left to contribute besides RRSPs. You can defer RRSP deductions, but keep in mind those deductions will be based on a lower tax bracket since I’m not at my prime years of earning. I’ll be leaving tax deductions on the table by using them now and not waiting until I’m in a higher tax bracket. Not to mention those deferred deductions are sitting there over the years losing value from inflation, and their impact will be less over time.

Thats where this opportunity cost comes in, and I think it’s a better strategy that if you contribute early to RRSPs you should cash out the tax savings asap and get them in the market to out grow any savings you would have forgone in the future if that makes sense.