Tag Archives: RRIF

RRIFs and what every senior needs to know

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You can’t avoid death or taxes but with a bit of planning, a RRIF can be structured to minimize investment losses and make withdrawals a painless process. MORE

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Highlights from the 2015 Federal Budget

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Here’s a rundown of the highlights from the 2015 budget, which provides tax relief to families, seniors and small businesses. MORE

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Financial concerns of younger versus older seniors

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Until relatively recently, most people who retired after decades of work had been employed at one or two jobs their entire lives, had little or no debt and had a pension income that was unlikely to change over time. MORE

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When to convert an RRSP to a RRIF – early, at the last possible moment, or not at all?

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Thoughts of converting a registered retirement savings plan (RRSP) to a registered retirement income fund (RRIF) can make one feel a tad old. Put a positive spin on things, and consider the switch to be a financial opportunity. MORE

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Investing in your senior years: What’s the same? What’s different?

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As a senior, my father took the investing path less travelled. He eagerly flung his RRSP and then his RRIF money into one trendy idea after another. Sometimes what he chose was safe, like real estate, and other times it was a high-wire act all the way. In short, Dad never met an investing rule he didn’t break. MORE

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