In episode 18 of Retirement Unpacked, Brett and Matthew break down how to think about generational wealth, including how much of a buffer to hold before giving money to your children and the smartest ways to share it without waiting until you pass. They also dive into TFSA beneficiary designation planning, whether it makes sense to convert your RRSP to a RRIF before age 65, and much more! 

Later in the episode, one of our planners Mathieu Huneault joins to discuss an article he came across from Aaron Hector about whether you should name a U.S. or dual-citizen spouse as the successor holder or beneficiary of your TFSA. 

Have a question about anything retirement related? Drop a comment, and we’ll try to cover it in a future episode! 

️ Read Aaron Hector's article hereTimestamps 

00:00 Intro 

00:36 Contributing inheritance to spouse's TFSA 

02:31 Buffer to hold before thinking of generational wealth 

07:03 Smart ways to share wealth with children 

10:13 Tax implications of passing principal residence after death 

13:35 Can you name a successor holder and beneficiary? 

16:34 What happens to spouse's TFSA limit when I pass away? 

18:50 How to plan when there's an age gap 

23:47 Any reason to convert RRSP to RRIF before 65? 

28:43 Factors to consider for partial RRSP conversion in early 60s 

34:54 How much should you be saving? 

40:00 Foreign pension income splitting 

43:48 Spending in the go-go, slow-go, and no-go phases 

52:34 Beneficiary designation of U.S. spouse on TFSA 

1:00:29 Keeping employer healthcare plan in retirement