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In this episode, Evan Neufeld delves into how retirement income can fluctuate for Canadian retirees in 2025. Learn about the implications of converting RRSPs to RRIFs, including changes in minimum withdrawal amounts, portfolio balance changes, and withholding tax. Evan also explains the complexities of LIFs, inflation adjustments for CPP and OAS benefits, and offers practical advice to plan for these changes in your retirement income.
Retirement Readiness Scorecard 🇨🇦
Looking to retire in the next 10 years or less (age 45+)?
Get your money organized - Your Full Financial Picture Spreadsheet
In this episode, Evan Neufeld delves into how retirement income can fluctuate for Canadian retirees in 2025. Learn about the implications of converting RRSPs to RRIFs, including changes in minimum withdrawal amounts, portfolio balance changes, and withholding tax. Evan also explains the complexities of LIFs, inflation adjustments for CPP and OAS benefits, and offers practical advice to plan for these changes in your retirement income.
Retirement Readiness Scorecard 🇨🇦
Looking to retire in the next 10 years or less (age 45+)?
Get your money organized - Your Full Financial Picture Spreadsheet
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