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At age 73, she believes this strategy will allow her to claim additional Guaranteed Income Supplement and and rent subsidy benefits.
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Not so sure about withdrawing $89K in one lump sum for the year.
Doing so would result in an OAS clawback.
I would have gone with 1/2 this year and 1/2 next year to stay under the clawback threshold. Best to work out the details with some one more adept with a calculator.
RICARDO