What Happens To Your RRSP When You RETIRE? | RRSP Withdrawal | Retirement in Canada

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What Happens to your RRSP when you RETIRE | RRSP Withdrawal | Retirement in Canada

When it comes to RRSP, I bet a lot of people will only think about
Whether if it makes sense to contribute to RRSP or where should we invest in RRSP?
But there is one question we rarely thought about is

What happens to Your RRSP when you retire?
So you start putting your money into an RRSP… then what?

In this video, I’ll be answering that very question!
1. We’ll talk about rules and taxes when you make an RRSP withdraw.
2. I’ll also explain what an RRIF conversion is,
3. and how government benefits will affect your withdrawals.
4. And lastly what happens to your RRSP when you pass away

So let’s jump in!

SKIP AHEAD:
- Intro: 0:00
- What is the RRSP? 0:55
- RRSP at retirement: 2:00
- Withholding tax: 2:40
- RRIF conversation: 3:30
- RRSP at death 5:40
- Action Plan 6:43
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Thomas is a 10-year veteran advisor in the insurance and investment industry.
He understands the life stages and challenges that people are going through.
Therefore, the purpose of this channel is to bring awareness to the importance of financial education.
No matter what age group you are in,
knowledge has the potential to unlock wealth.

Better Mindset | Better Life!

Facebook｜https://fb.me/ThomaswithNovella
Mail｜thomaschan@novellawealth.com

Видео What Happens To Your RRSP When You RETIRE? | RRSP Withdrawal | Retirement in Canada канала Thomas C Chan