TFSA Trading Rules, LIRAs, & Tax-Efficient Decumulation | Retirement Unpacked Ep. 013

In this episode of Retirement Unpacked, Adam and Brett answer viewer questions on RRIF withdrawals, TFSA rules, advisor restrictions, non-registered accounts, pension income splitting, LIRA unlocking, and more. They break down several common retirement planning scenarios Canadians face and explain how to navigate them with clarity and confidence.

Later in the episode, Parallel Wealth partner Kyle Martins joins to share insight on easing into retirement, including how part-time or semi-retirement work can fit into a financial plan.

Have a question for a future episode? Leave it in the comments below.

Advisor.ca Article: https://www.advisor.ca/investments/ma...

If you have any questions about this video's topic or retirement planning in general, visit https://www.parallelwealth.com/ or use the links below to learn more about our services:

➡️Fee For Service Retirement Planning: https://www.parallelwealth.com/planning
➡️Retirement Income Program™: https://www.parallelwealth.com/invest...
➡️Parallel Wealth Masterclass: https://www.parallelwealth.com/education

More from Parallel Wealth:
🔗https://linktr.ee/parallelwealth

The above affiliate links are provided for your convenience. If you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personal vetted each product and service we provide links to.

DISCLAIMER: This presentation is for informational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments carry risk, and past performance does not guarantee future results. Any forward-looking statements are based on assumptions and may not reflect actual outcomes.

The content on this channel is for educational purposes only and does not provide specific investment or planning recommendations. Viewers should consult a qualified professional for retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for any decisions made based on this content.

Timestamps
00:00 Disclaimer
00:31 Intro & Overview
00:54 Advisor Restrictions on Financial Advice
04:25 RRIF vs LIF at Death
06:41 RRIF Withdrawals: Monthly vs Lump Sum
08:43 Managing Non-Registered Accounts in Retirement
15:47 Risks of Managing Money for Family and Friends
18:16 DB Pensions, Income Splitting, CPP/OAS Timing
21:53 TFSA GIC to High-Interest Account Transfer
24:34 Federal LIRA Rules, Unlocking, LRIF vs RLIF
29:37 Transferring LIRAs/LIFs to a Brokerage
32:28 TFSA Gains and CRA Penalties
37:47 Transitioning into Retirement
40:52 TFSA Cash Mistakes
44:43 Wrap-up