The 4% Draw Down Theory (again)
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 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 ?
Sometimes service fees can add up, so trying to find a way to save them is a good way to keep your money in your pocket (or your bank account).
Things to do with your Tax Refund? Yes it is that time of year again? Tax Refund for me is used to pay down debt.