EPISODE SUMMARY

Spending is easy, but spending with the goal of reducing your lifetime tax bill isn't as straightforward. In this episode, Evan explains how your different plans (RRSP/RRIF, LIRA/LIF, Non-registered and TFSA) are treated from a tax perspective and how to prioritize your withdrawals to keep more money in your pocket.

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TOPICS IN THIS EPISODE

Making a retirement savings withdrawal plan
Making sure your spending is as efficient as possible to reduce lifetime taxes
Different types of retirement accounts and how each one treats tax
How to prioritize withdrawals

OTHER EPISODES

13. Is an RRSP the Best Choice for Your Retirement Savings

22. Optimize your Investments by Plan Type

24. TFSAs are Great but Watch Out…

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RRSP, LIRA, TFSA.... Where do you withdraw from first?