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5 RRSP Withdrawal Strategies to Save MASSIVE Taxes! (RRSP Meltdown) 

Blueprint Financial
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Manage your RRSP withdrawals and save massive taxes using RRSP Meltdown strategies. Whether you're planning for retirement or already there, these tips will help you make the most of your RRSPs.
Chapters:
00:58 Why RRSP Withdrawal Strategy is Crucial: Understanding the importance of planning your RRSP withdrawals to avoid high taxes.
01:41 Max Out Your CPP and OAS: Strategic Early RRSP Withdrawal: Delay CPP and OAS to maximize benefits.
05:17 Minimizing RRSP Taxes on Death: Techniques to reduce the tax burden on your estate.
07:44 RRSP Income Splitting: Split income with your spouse to save on taxes.
09:20 Using Your TFSA Wisely: Integrate TFSA withdrawals to manage taxable income.
11:40 RRSP Meltdown / RRSP Freeze Strategy: Advanced strategy involving loans to offset RRSP withdrawals.
Link to the blog post: blueprintfinan...
Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.

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20 авг 2024

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Комментарии : 14   
@Blueprint.Financial
@Blueprint.Financial Месяц назад
Which of these RRSP withdrawal strategies do you plan on using? Don't forget to subscribe to this RU-vid Channel here: blueprintfinancial.ca/youtube-subscribe
@fcantin66
@fcantin66 Месяц назад
Lots of concrete examples to explain it well, thanks!
@Blueprint.Financial
@Blueprint.Financial Месяц назад
Glad it was helpful!
@StevenCovey-ct3sx
@StevenCovey-ct3sx 2 дня назад
I have been borrowing 300k to 500 k to invest since I was 30. I have a high income so it have really benefited from the tax write offs. The money I made paid for my house when I turned 45 years old. It’s a great strategy more people should be using. Once you have significant wealth in the principal the dividend income covers the interest payments that is where I am now.
@Blueprint.Financial
@Blueprint.Financial 2 дня назад
A great example of the advanced RRSP meltdown strategy I highlight in the video! You sound like a savvy investor Steven, it's great to hear about your success.
@cherylbartley2834
@cherylbartley2834 Месяц назад
Great advice.
@Blueprint.Financial
@Blueprint.Financial Месяц назад
thanks Cheryl :)
@theteleporters7420
@theteleporters7420 Месяц назад
SOLID tips 💸💸
@Blueprint.Financial
@Blueprint.Financial Месяц назад
Glad you like them!
@tommy1a1a
@tommy1a1a 28 дней назад
Very well explained. Well done!
@Blueprint.Financial
@Blueprint.Financial 28 дней назад
Glad you enjoyed it!
@renzenker2526
@renzenker2526 25 дней назад
The ringing was so annoying i couldn't watch
@jimjackson4256
@jimjackson4256 28 дней назад
You shouldn’t have to convert your rrsp into a rif but be able to leave it in your rrsp and withdraw money as needed not as mandated by the govt whether you need it or not. This seems fair to me and any political party which had this as a platform would get the vote of every Canadian with an rrsp. once you have a rif all your freedom is gone to make choice regarding your retirement income.
@Blueprint.Financial
@Blueprint.Financial 28 дней назад
I agree with you here!
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