How to make sure you have enough money to fund your RRIF withdrawals + MORE Apr 18th

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– moneysense.ca

Here’s a round-up of news for Canadian investors this week.

Metro Inc

Groupe Dynamite

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How to make sure you have enough money to fund your RRIF withdrawals

– moneysense.ca

After decades of using registered retirement savings plans (RRSPs) to reduce taxable income, it can come as a shock to discover the shoe will one day be on the other foot. At the end of the year you turn 71, you have to either cash out your RRSP (not recommended), annuitize it or convert it into a RRIF, a registered retirement income fund.

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