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Caleb and Riley are discussing how to squeeze the most income from your retirement accounts, specifically RRSP and RRIF accounts. There are many misconceptions about how to use these accounts and rules of thumb that may not work well for everyone. Use this episode as your guide when considering when and how to draw from these accounts. Learn more about:
Memorable Quotes: “RRSP’s are the worst! My returns in RRSPs were always garbage”. My friend who made this statement obviously had no idea how an RRSP account works. “It’s easy to lose the biggest benefit of using an RRSP if the refund is not reinvested. Many people overestimate the size of their RRSP by forgetting that up to 47% of it could go to taxes.” Hosted by Caleb Miller and Riley Anderson of InvestorDNA Meet Caleb and Riley Book a Call Subscribe on Apple Podcasts Subscribe on Spotify Subscribe on Google Podcasts
5
22 ratings
Caleb and Riley are discussing how to squeeze the most income from your retirement accounts, specifically RRSP and RRIF accounts. There are many misconceptions about how to use these accounts and rules of thumb that may not work well for everyone. Use this episode as your guide when considering when and how to draw from these accounts. Learn more about:
Memorable Quotes: “RRSP’s are the worst! My returns in RRSPs were always garbage”. My friend who made this statement obviously had no idea how an RRSP account works. “It’s easy to lose the biggest benefit of using an RRSP if the refund is not reinvested. Many people overestimate the size of their RRSP by forgetting that up to 47% of it could go to taxes.” Hosted by Caleb Miller and Riley Anderson of InvestorDNA Meet Caleb and Riley Book a Call Subscribe on Apple Podcasts Subscribe on Spotify Subscribe on Google Podcasts
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