RRSP's not for everyone

Went to the TD Bank this morning to meet with the Mortgage Broker to discuss our potential renewal.
We would have a 16.00 penalty today if we early renewed now. Although we could save .567 % on the interest. Should we keep up the payments like we are , no mortgage in 4 years 21 weeks.

We could also go LOC and pay the principal anytime, but higher interest ; prime plus 2%.

Interesting factoid, was told that RRSP's are basically useless to someone if they end up with a good pension from their employer when they retire. Just because of the claw backs that the Tax man puts on it. They are very useful if one has no pension to fall back on and should the person start when they are younger. Or you stay within a smaller wage scale all your life.

So it is better for us to pay down the mortgage as quickly as possible as we are doing, than to invest in RRSP's. There is always the stock market but we went that route and lost big time on the Tech. stocks esp. Nortel. That we transferred over from Mutual's to RRSP"S.

Also got two ballots for the TV draw. What to do , What to do???????