The Best Age to Convert Your RRSP to a RRIF

What is the best age to convert your RRSP to a RRIF? Should you do a portion of it now and do another portion later? What are the benefits and downsides to converting it early versus waiting til 71? Let's take a look at what converting your RRSP to a RRIF at 55, 65, and 71 looks like.
Don't forget! Its always important to look at your full retirement picture when making decisions like this.
Marc Sabourin, CFP®, CIM®

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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. 

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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. Typeform is an online form-building service that allows users to develop a quiz or questionnaire. Our advisors use this as one of many tools to gather information and build your financial plan. However, it is not to be considered a substitute for consultation with professional accounting, tax, legal or other professional advisor. Trans Canada Wealth Management and Harbourfront Wealth Management inc. are in no way partnered with Typeform but do pay a small subscription fee for use of the digital form service. Information is provided to Typeform & our advisors at the client's discretion

#rrsp #rrif #retirementplanning