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Don’t neglect financial planning’s missing middle

Scenario-based planning can help you build a financial plan by testing “what ifs” and turning uncertainty into informed, realistic...

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When to consider extra RRIF withdrawals

Robert has been taking RRIF withdrawals beyond the minimum required amount to gift to his kids and to reinvest...

Retired Money

In planning for retirement, worry about longevity rather than dying young

Canadians are living longer, making longevity risk one of retirement’s biggest challenges. Here’s how longevity income funds like Purpose’s...

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Making the most of the pension tax credit

Under what circumstances can you obtain the greatest tax savings on this $2,000 credit?

Retirement

From RRSP to RRIF—managing your investments in retirement

Learn how to navigate the transition from RRSP to RRIF, plan withdrawals, manage taxes, and tailor your retirement strategy...

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What’s more important: your wealth or your legacy?

Different retirement income strategies using registered accounts produce different outcomes. You must pick your priorities.

Retirement

RRIF and LIF withdrawal rates: Everything you need to know

Most registered retirement savings plans are eventually converted to registered retirement income funds. Here’s what to know about RRIF...

Debt

Should I use retirement savings to pay off credit card debt?

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Credit Canada

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Should we draw down my spouse’s RRIF faster?

The benefits of depleting savings to avoid estate taxes depends on many variables. But if you live a decade...