Retiring With An RRSP? Here's What To Do

➡️Our financial planning services: https://www.parallelwealth.com/planning
➡️Withholding tax rates: https://www.canada.ca/en/revenue-agen...
➡️RRIF minimum withdrawal table: https://www.taxtips.ca/rrsp/rrif-mini...

In this video we'll discuss what happens to your RRSP when you retire, and how you can efficiently drawdown the account.

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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

Additional 3rd Party Links and Resources:
🔗️Retirement Income for Life: Getting More without Saving More (Second Edition): https://amzn.to/3tvIdVN
🔗️Free Credit Report with Borrowell: https://bit.ly/borrowellPWFG
🔗️CPP Calculator: https://research-tools.pwlcapital.com...

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TIMESTAMPS
0:00 - Intro
0:58 - How RRSPs work
2:10 - RRSP to RRIF conversion
3:49 - Partial RRSP conversion
5:15 - RRIF minimum withdrawal
7:49 - Withholding tax
9:48 - Retirement income taxation
10:42 - Retirement income sources

•••••

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

Additional 3rd Party Links and Resources:
🔗️Retirement Income for Life: Getting More without Saving More (Second Edition): https://amzn.to/3tvIdVN
🔗️Free Credit Report with Borrowell: https://bit.ly/borrowellPWFG
🔗️CPP Calculator: https://research-tools.pwlcapital.com...

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 personally vetted each product and service we provide links to.