Ask a Planner: Jason Heath, CFP, takes reader questions
Our resident financial planner answers reader questions online
Our resident financial planner answers reader questions online
Got an important financial planning question and want unbiased advice? Leave your question for Jason Heath in the comment section below or email [email protected] and he may answer it in an upcoming column. Watch for it every Tuesday.
Jason Heath is a fee-only, advice-only Certified Financial Planner (CFP) at Objective Financial Partners Inc. in Toronto. He does not sell any financial products.
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Hi Jason
I read an article just recently in regards to buying RRSP’S that you wrote, when one is ready to retire. My question is if I have room and in my last year of work and still have 4 years before I must convert my RRSP to a RIFF should I buy a 10000.00 dollar RRSP and then withdraw approximately 2500.00 dollars each year so then it is spread over more time and does not affect me tax wise as much. My income while working is 70,000.00 dollars. After retirement will be 38,000.00 per year.