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The RRSP strategies every investor in their 60s should know
February 21, 2019
5:17 am
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Jason Heath in the National Post -

The RRSP strategies every investor in their 60s should know

During RRSP season, the attention is focused on long-term retirement savings accumulation for young and middle-aged savers. It is not surprising given these are the best clients for banks and investment firms to target — people who will be accumulating investments for many years to come.

Retirement savers in their 60s who are approaching or who have already begun decumulating their savings tend to be ignored this time of year. But there are strategies that people in that age group who still have Registered Retirement Savings Plans should be considering.

https://business.financialpost.com/personal-finance/retirement/rrsp/the-rrsp-strategies-every-investor-in-their-60s-should-know

February 21, 2019
9:37 am
Vatox
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It’s an interesting view. Everyone wants to maximize the trade between taxes and income, but I preferr the pessimistic angle. If someone is offering you money, you take it, before they change their mind.

How about the view of deferring cpp for 5 years only to discover serious upsets in the economy and government and cpp has a radical drop. The article relies on the assumption that everything will continue as is.

February 21, 2019
2:11 pm
Alexandre
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For someone who is planning to receive CPP, OAS and GIS it would make sense to withdraw all RRSP funds before reaching 65.

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