I’m turning 71 and I have to what with my RRSP?

Financial Planner Ines Iraoui joins the podcast to discuss registered retirement income funds (RRIFs), including:

• Why is 71 an important age in financial planning?
• Can you convert your RRSP at any point?
• What about Locked-in RRSPs?
• How do RRIF withdrawals work?
• Are there minimum amounts for withdrawals?
• What about the maximum? You said there isn’t any?
• What about Locked-in LIFs minimums and maximums?
• What do these withdrawals mean for your investments?
• A portion?
• Why?
• How does it affect retirement income?
• What can individuals do to minimize the taxes?
• Are there tax advantages that come with these withdrawals?
• Can individuals continue to make RRSP contributions when they turn 72?
• How does that work?

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