How I manage my RRSP in Retirement - Financial Independence Hub

By Michael J. Wiener Special to Financial Independence Hub Spending from retirement savings, or decumulation, in a way that maximizes what you have left to spend after taxes is surprisingly complex.  I’ve done extensive simulations of various strategies for my situation, including strategies that change over time, to find what works best for me.  Here […]

Financial Independence Hub

@EllenInEdmonton and for others: as you enter #retirement don’t listen when the bank says the 10% they take off your #RRIF is enough! It is NOT! I advise to start at 20% and adjust up or down the next year once you get a feel for it. If you’ve contributed too much you get the extra back as a nice surprise in April. Better that than the the other way.

I’m sorry your going through this transition in such a hard way :(