In episode 24 of Retirement Unpacked, Brett and Matthew break down rate of return assumptions and what to do if the market significantly outperforms your plan, why you should drawdown your RRSP/RRIF even if it means forgoing future returns, cashflow wedge planning with a defined benefit pension plan, RRSP meltdown risk if your spouse unexpectedly passes away, and much more.

Later in the episode, one of our planners, Michael Barichello, joins to discuss fees in the financial industry, helping you understand how to weigh the costs of a advisor vs. the value they provide.Chapters:

0:00 Intro

00:35 How does RRIF drawdown affect your tax bracket?

3:46 Rate of return assumptions: When markets outperform your plan

12:17 LIF small balance allowance

16:37 Why bother withdrawing from your RRSP/RRIF?

22:49 Spousal RRSP/RRIF attribution rules

26:59 How does life insurance affect planning?

33:47 Cashflow wedge planning with DB plan

40:21 Strong returns increased LIF max. Should I withdraw max?

46:05 RRSP meltdown risk if spouse unexpectedly passes away early

55:02 Can you request withholding tax on RRIF withdrawals?

59:38 How to think about fees and value in financial planning

1:07:48 How to prepare for a meeting with your financial planner