How to generate retirement income

How to generate retirement income You could argue beyond the how much do I need to retire question, this need comes up next: how to generate retirement income. Rightly so.  I mean, we all want to know how best to…
RRSP withdrawal strategies before age 71

RRSP withdrawal strategies before age 71 Some time ago I wrote about generating retirement income.  We’re doing some income planning now because we feel the process of planning (and re-planning) is important for our financial well-being. This income planning process…
Mandatory Withdrawals – RRIF 101

Mandatory Withdrawals – RRIF 101 Mandatory account withdrawals – sounds fierce but that’s what a Registered Retirement Income Fund (RRIF) is partly about.  This is my favourite definition for a RRIF:  it’s like a Registered Retirement Savings Plan (RRSP) in…