Reader ‘behind the eight ball’ on retirement savings seeks help

The mix of investment products depends on both your risk tolerance and risk capacity. Most people have a moderately accurate sense of where they land based on intuition. You should ramp up your investing immediately. If your income is high, you should put as much as you can into an RRSP. If it is low (say, less than $60,000 a year), then you would likely be better off maximizing your tax-free savings account (TFSA). As a practical matter, most people should only consider options 1, 3 and 4, with 4 being a last resort if options 1 and 3 fail.