The Rational Reminder Podcast

Episode 367: AMA #8 + Insurance Needs Analysis with Louai Bibi

34 snips
Jul 24, 2025
Louai Bibi, a financial planner at PWL Capital, shares his wisdom on RRSP decumulation strategies and personalized insurance planning. He challenges the notion that early RRSP withdrawals are always tax-smart, emphasizing the need for tailored approaches based on client goals. Louai also delves into the intricacies of life, disability, and critical illness insurance, explaining why the right coverage isn't one-size-fits-all and how even the smallest policies can make a significant impact.
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ADVICE

Model RRSP Meltdown Strategies

  • Model RRSP meltdown strategies to see if early withdrawals benefit your specific situation.
  • Avoid following generic YouTube advice without personalized financial planning.
INSIGHT

Consider Present Value of Taxes

  • Paying RRSP taxes earlier often balances out lifetime tax savings when discounted to present value.
  • Present value of taxes matters more than total lifetime taxes for RRSP withdrawal decisions.
ADVICE

Annual RRSP Strategy Review

  • Review RRSP meltdown strategies annually with your financial planner in November.
  • Consider the impact of asset allocation and tax drag on the effectiveness of early withdrawals.
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