Archive for January 2024

“Will I be OK in Retirement?” “How much do I save this year if I don’t want to have to eat pet food when I’m 83?” “What do most Canadians spend each month after they retire? I don’t even know where to start with this stuff!” In response to questions like this, most mutual fund…

One chief concern for retirees and the soon-to-be retired is when to convert their RRSP to a RRIF. A common misperception is that this conversion has to take place in the year you turn 71. While it’s true that your RRSP must be closed by December 31st of the year you turn 71 and the…