Retirement – Adam Mayers

by Adam Mayers January 9, 2023 0

RRIF rates for 2023

A retiree aged 71 must withdraw a
minimum of 5.28% of the value of their Registered Retirement Income Fund (RRIF) this year.

by Adam Mayers November 16, 2022 0

The $500 inflation-linked increase as of Jan. 1 is the first since 2019.

by Adam Mayers October 25, 2021 2

Changes to RRIF withdrawal rates are included in federal budgets and later passed into law by Parliament.

by Adam Mayers October 19, 2021 0

Registered Retirement Income Fund (RRIF) withdrawals got a one-time pandemic break which has expired.

by Adam Mayers March 22, 2021 0

Ark Investment Management CEO Cathie Wood says there are several reasons why older investors should consider them.

by Adam Mayers February 16, 2021 0

Sometimes it’s hard to decide what to do with spare cash. Save or pay down debt?

by Adam Mayers February 9, 2021 0

Many people think a contribution, plus the refund, adds up to more than the contribution.

by Adam Mayers December 18, 2020 0

The Registered Retirement Savings Plan contribution limit has increased by $600 in 2021.

by Adam Mayers December 13, 2020 0

As a pandemic measure, Ottawa reduced the minimum withdrawals from registered retirement income funds (RRIFs) in 2020.

by Adam Mayers February 3, 2020 0

RRSPs and TFSAs are tax effective ways to save for retirement. RRIFs draw down RRSP assets.