In episode 19 of Retirement Unpacked, Adam and Brett break down what age your RRIF should be fully depleted by, how to have conversations about generational wealth with your parents, why having a cash wedge and protecting yourself against the market is critical to actually enjoy the retirement you've worked so hard for, and much more. 

Later on in the episode, one of our planners Jon Kutney joins to discuss smart debt and strategies to potentially make your debt tax-deductible. 

Chapters

00:00 Intro 

00:21 Better or worse time to transfer RRSP to RRIF 

3:22 What age should RRIF be fully melted down 

5:20 LIF maximum based on the account's performance 

8:31 Retirement planning for a spouse with dementia 

13:10 What to do when actual returns differ from your plan 

19:38 Talking about generational wealth with your parents 

27:24 Passing wealth to financially irresponsible grandkids 

31:12 Clarifying the cash wedge 

38:07 Drawing down RRIF based on life expectancy 

40:16 Retiring early, how should I drawdown RRIF, TFSA, and non-reg? 

45:14 Smart debt discussion 

50:38 Estate planning with age gap and blended family