Can you delay a RRIF withdrawal?
Let’s set the facts straight about RRSP/RRIF conversion, withdrawal amounts, claw backs and withholding taxes.
Articles By Allan Norman, MSc, CFP, CIM:
“Our parents just passed—What do we do about their estate?”
Two siblings’ complex inheritance provides a case study in minimizing death taxes.
Financial hardship withdrawal exceptions and increasing income in retirement
Money in a LIRA or LIF is intended to last a lifetime, making it difficult to access more than...
How to model retirement income in Canada
The risk of having too much money left when you die is real. Often realizing this comes too late...
Where should working retirees put extra income: A TFSA or an RRSP?
Working Canadian retirees may look at CPP and OAS as extra income. Is putting that money in a TFSA...
Should seniors cancel their life insurance policies?
At what point do we no longer need life insurance? You will find the answer by going back to...
Is it OK to leave $100,000 in a high-interest savings account?
There is no avoiding risk. Even a high-interest savings account could lose its purchasing power. So, what’s the safest...
CPP and disability: When should you retire and start your pension?
When collecting disability, retiring early is an option. But find out how that can impact disability income and retirement...
Making a plan: How to withdraw money from a retirement account
Canadians have quite a few options for retirement savings. But before you look at when to retire and start...