In this episode, Evan explains how Canadian retirement income accounts—RRIFs, LIFs, and PRIFs—work, covering how to convert accumulation accounts into income-producing accounts, the minimum and maximum withdrawal rules, tax implications, and province-specific regulations for managing retirement savings. 📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and...

The Canadian Money Roadmap

Evan Neufeld, CFP®

Investing Basics Part 4 - Retirement Income Accounts

FEB 11, 202618 MIN
The Canadian Money Roadmap

Investing Basics Part 4 - Retirement Income Accounts

FEB 11, 202618 MIN

Description

In this episode, Evan explains how Canadian retirement income accounts—RRIFs, LIFs, and PRIFs—work, covering how to convert accumulation accounts into income-producing accounts, the minimum and maximum withdrawal rules, tax implications, and province-specific regulations for managing retirement savings.📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending, saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances. 🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing