AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
12min chapter
In This Economy: How to handle RRSPs in an affordability crisis
The Big Story
Navigating RSP Withdrawals for Life Events and Retirement
This chapter explores the options and implications of taking money out of an RSP for life events like buying a home or pursuing further education. It discusses programs like the home buyers program and the lifelong learning program, emphasizing the importance of understanding withdrawal limits, repayment time frames, tax consequences, and strategies to mitigate penalties. The discussion also covers accessing retirement funds through a RIF starting at age 55, stressing the need for careful planning to ensure financial security during retirement.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode