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.  Otherwise these will be…
Can you have too much money in your RRSP?

Can you have too much money in your RRSP? Earlier this year the Registered Retirement Savings Plan (RRSP) celebrated yet another birthday. This means for decades Canadians have had a great opportunity to defer taxes and growth their retirement nest egg…
ETFs 101

ETFs 101 During the past “RRSP Season” I received a few emails from readers asking about Exchange Traded Funds (ETFs).  It inspired this ETFs 101 post.  This particular question caught my attention: Hi, I’ve recently learned I can use my…
RRSP Fast Facts and Our Game Plan

Ok, I’m sure you already know the basics about the Registered Retirement Savings Plan (RRSP) – so let’s play a game of True or False. RRSPs are an investment product themselves so go out and buy some RRSPs now! You…
Cha-ching?  When to cash out your RRSP

Largely because I’m working full time and these are my contribution years, I haven’t put too much thought into making any withdrawals from our Registered Retirement Savings Plans (RRSPs).  Enter my parents… Now both of my parents are fully retired,…