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Your Retirement Planning Simplified

Ep #108: Customize Your Retirement Strategy: There's No One-Size-Fits-All Approach

26 Sep 2024

Description

We answer a listener's question about balancing RRSP and RIF withdrawals in retirement while minimizing taxes. We highlight the importance of personalized planning, discussing when it makes sense to defer withdrawals for tax-deferred growth and when early withdrawals could help reduce future tax liabilities like OAS clawbacks.   Joe emphasizes that strategies like delaying CPP or OAS or adjusting withdrawal timing depend on individual goals, income sources, and estate considerations, stressing that no single approach fits all situations.   Read the full show notes and find more information here:  Ep 108 Show Notes

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