...
- Retiring at 60
- CPP at age 70, 75% of max
- Couple
- Running estate to $0
| Total Savings | 500k | 750k | 1 mil |
|---|---|---|---|
| RRSP Savings | 400k | 550k | 800k |
| TFSA Savings | 100k | 200k | 200k |
Yearly Income After Tax (Adjusted for Inflation) | $57,365 | $66,480 | $74,757 |
RRIF
Earnings in a RRIF are tax-free and amounts paid out of a RRIF are taxable on receipt.
...
RRSP Meltdown Strategy
References
| Reference | URL |
|---|---|
| 20 Years of Canadian Retirement Knowledge In 1hr 57mins | https://www.youtube.com/watch?v=r9Da-mb-zSw&t=1667s |
| Budget Tracker and Net Worth Tracker | https://www.parallelwealth.com/tools |