3 Reasons You Need to Aggressively Withdraw Your RRSPs

To learn more about how we help plan for retirement, visit our website: https://transcanadawealthmanagement.com/

In this video, Marc Sabourin from Trans Canada Wealth Management discusses three reasons why you should consider aggressively drawing down your RRSPs in retirement.

1. The first reason is the RRSP tax bomb, where if you pass away with a large RRSP balance, your beneficiaries may end up paying a hefty tax bill. By drawing down your RRSPs earlier, you can avoid this issue.

2. The second reason is the OAS clawback, which can be avoided by making withdrawals earlier and reducing your RRIF balance.

3. Finally, Marc discusses how personal care home costs in Manitoba are based on your income, and drawing down your RRSPs can help keep your income lower to pay less for care. Don't miss out on this informative video - hit the subscribe button and join us for the next episode!

Contact Us
If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your retirement on track. 

Reach Marc Sabourin via email at [email protected] or by phone at 204-256-5555.

Website: https://transcanadawealthmanagement.com/
Facebook:   / transcanadawealth  
LinkedIn:   / admin  

#retirementcanada
#retirementplanning
#rrsp


Disclaimer
The information contained in this video message is believed to be reliable, but the accuracy and completeness of the information are not guaranteed. Harbourfront Wealth Management Inc. has no liability to viewers of this message, and its use is entirely at the risk of the viewer. Harbourfront Wealth Management Inc. does not assume any errors that may occur in this message. Please consult your Harbourfront Wealth Management Inc. advisor before investing.