RRSP: Tax-Deferred Savings Plan
Your RRSP is a tax-deferred savings plan, you will eventually have to pay the CRA for your deposit, one way or another (yes death & taxes). #RRSP
Canajun Finances
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Retirement
Going to the Gym to Work on my Retirement
Big Cajun Man emphasizes the importance of considering one’s health parallel to finances while planning for retirement. Regardless of the ease of pension planning for civil servants, if one is unfit or deceased, all the… Read More »Going to the Gym to Work on my Retirement
RRSP to TFSA Grand Jeté
I like to call it a “Grand Jeté”—that elegant leap from an RRSP to a TFSA. It’s not a ballet move in the financial world, but it sure feels like one when executed well. The… Read More »RRSP to TFSA Grand Jeté
The 4% Draw Down Theory (again)
The 4% draw down theory for withdrawing money from your RIF (your RRSP once you have changed it) has some interesting issues if you live too long.
The 4% Draw Down Theory
The 4% draw down theory is that when you retire you withdraw at least 4% of your retirement savings each year (normally), but is that normal?
