RRIF - My Own Advisor

Top Year End Financial Planning and Tax Tips

Posted on December 6, 2021 by Mark | 40 Comments

Top Year End Financial Planning and Tax Tips The decorations are up. The holiday marketing campaigns are in full swing. People are becoming more edgy by the day… Yup, the holidays are coming – so why not get some top…

How to generate retirement income

Posted on March 15, 2021 by Mark | 79 Comments

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…

Beneficiaries for TFSAs, RRSPs, RRIFs and other key accounts

Posted on July 26, 2018 by Mark | 34 Comments

Beneficiaries for TFSAs, RRSPs, RRIFs and other key accounts The following is a sponsored post by Sun Life Financial, all thoughts and opinions are my own. It has been said there are two certainties in life – death and taxes. …

Six big retirement mistakes – what I’m doing about them

Posted on February 13, 2018 by Mark | 37 Comments

Six big retirement mistakes – what I’m doing about them Jason Heath, a respected fee-only financial planner, outlined a number of mistakes investors make when it comes to retirement planning and/or investing during retirement. I thought I’d outline what I’m…

RRSP withdrawal strategies before age 71

Posted on May 30, 2017 by Mark | 86 Comments

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

Posted on March 4, 2014 by Mark | 41 Comments

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…

Converting your RRSP to a RRIF? Consider this…

Posted on February 11, 2014 by Mark | 32 Comments

Converting your RRSP to a RRIF? Consider this… In a recent post on my blog I covered my bias for winding down the Registered Retirement Savings Plan (RRSP) sooner than later, preferring to move assets from the RRSP to a…