Today is the end of the RRSP season (I dropped by my bank to deposit a cheque, and saw that there was still mayhem and such). Â You can still today “do your RRSP” if you… Read More »RRSP Deadline Let the Taxes Begin!
Seriously, I have friends ask me that exact question, with little or no context to explain much else. What do they mean by this? I thought maybe you knew, because I usually answer with my… Read More »I did my RRSP and TFSA Now What?
The 4% draw down theory for withdrawing money from your RIF (your RRSP once you have changed it) has some interesting issues if you live too long.
The 4% draw down theory is that when you retire you withdraw at least 4% of your retirement savings each year (normally), but is that normal?
Should you leave your money in your company’s pension ? Most plans offer a “cash out” capability so the question is pension or LIRA ?
