Which savings should retirees draw down first?
Seniors seeking a decumulation strategy may be asking the wrong questions. Start with your spending plan, then model how...
Articles By Allan Norman, MSc, CFP, CIM:
Using a HELOC as an investment strategy: not as taboo as you might think
Would leveraging the equity in a home to invest in dividend-paying investments lead to tax repercussions?
Using whole life insurance for tax-free income in retirement
Borrowing against a policy’s cash value can provide tax-free income. But there are still costs involved and other factors...
“We’re set for life. Should we cash out an RRSP?”
The cost/benefit analysis of liquidating an RRSP can get complex fast. What matters more are your priorities.
Can you delay a RRIF withdrawal?
Let’s set the facts straight about RRSP/RRIF conversion, withdrawal amounts, claw backs and withholding taxes.
“Our parents just passed. What do we do about their estate?”
Two siblings’ complex inheritance provides a case study in minimizing death taxes.
Financial hardship withdrawal exceptions and increasing income in retirement
Money in a LIRA or LIF is intended to last a lifetime, making it difficult to access more than...
How to model retirement income in Canada
The risk of having too much money left when you die is real. Often realizing this comes too late...