In episode 30 of Retirement Unpacked, Kyle and Mathieu break down what age you should think about starting an RRSP meltdown, whether there's a need for a cashflow wedge if you don't need the money, how couples should plan around long-term care costs, planning considerations for singles, and much more.
Later in the episode, Gord Manzer joins to discuss how AI is impacting retirement planning, and whether you should be trusting it for financial advice.

AI's impact on financial and retirement planning: https://money.ca/managing-money/retirement/should-canadians-trust-ai-for-retirement-planning

Subscribe to our clips YouTube channel: https://www.youtube.com/channel/UCwY3ZvNc_qCU-WuIKh-aulA

Chapters

0:00 Intro
0:19 What age should you start an RRSP meltdown?
4:08 Can you move RRSP/RRIF investments to other accounts?

6:00 Do you need a cashflow wedge if you don't need the money?

10:19 Planning for long-term care if only one spouse needs it

15:47 Can you pause CPP to start an RRSP meltdown?

19:41 Planning considerations for single retirees

24:10 Putting your kids on cottage title to avoid tax

28:22 What income qualifies for income splitting?

32:39 Is TFSA transferred tax-free to beneficiaries upon death?

34:32 Start CPP early to pay down mortgage?

40:12 Should you trust AI for financial and retirement advice?

48:55 RRIF/LIF minimums with private credit & equity investments