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In this episode, Joe Curry dives into one of the most common topics in retirement planning: Registered Retirement Income Funds (RRIFs). Here, Joe tackles the most frequently asked questions about RRIFs, including: ✅ What is a RRIF, and how does it differ from an RRSP? ✅ When do you need to convert your RRSP into a RRIF? ✅ How are RRIF minimum withdrawals calculated? ✅ What are the tax implications of RRIF withdrawals? If you've ever wondered how RRIFs fit into your retirement plan, this episode is packed with helpful insights to guide you through the process. Whether you're just starting to think about converting your RRSP or you're ready to optimize your retirement income, this is a must-watch! Don't forget to like, comment, and subscribe for more straightforward advice to simplify your retirement planning. Ready to take the next step? Identify your retirement income style with the RISA questionnaire at https://www.retirementplanningsimplif.... 👉 Need help with retirement planning? Book a call with us at https://www.retirementplanningsimplif... Here’s what you’re in for: 00:00 Introduction and Host Update 00:58 Understanding RIFs: Basics and Differences from RRSPs 02:19 Conversion Rules and Minimum Withdrawals 04:31 Tax Implications of RIF Withdrawals 06:17 Investment Options and Beneficiaries 09:20 Impact on Government Benefits and Tax Strategies 13:47 Addressing the Risk of Outliving Your Savings 15:03 Conclusion and Next Steps —------------------------------------------------------------- ABOUT JOE CURRY Joseph Curry is the co-host of Your Retirement Planning Simplified, one of Canada’s fastest-growing retirement podcasts, delivering clear, practical financial advice. As the owner of Matthews + Associates in Peterborough, Ontario, he helps clients achieve financial stability and purpose in retirement. A Certified Financial Planner and Certified Exit Planning Advisor, Joe defines true wealth as creating meaningful experiences and opportunities with loved ones. You can reach out to Joe through: LinkedIn: / curryjoe Website: https://www.retirementplanningsimplif... / retirementplanningsimplified Matthews + Associates Website ABOUT RETIREMENT PLANNING SIMPLIFIED Founded in 2022, its mission is to empower people to plan for retirement confidently, focusing not only on finances but also on a meaningful life. RPS wants everyone to have access to simple, reliable tools that reflect their values and priorities, helping them create True Wealth—the freedom to do what they love with those they love. By simplifying retirement planning and aligning it with the retiree's purpose, RPS aims to support building a retirement that feels fulfilling and secure. To know more about RPS you can visit the links below: LinkedIn: / retirement-planning-simplified Instagram: / retirement_planning_simplified Podcast/Blog: https://www.retirementplanningsimplif... Retirement Planning Simplified Website Retirement Planning Simplified Youtube —------------------------------------------------------------- Disclaimer: Opinions expressed are those of Joseph Curry, a registrant of Aligned Capital Partners Inc. (ACPI), and may not necessarily be those of ACPI. This video is for informational purposes only and not intended to be personalized investment advice. The views expressed are opinions of Joseph Curry and may not necessarily be those of ACPI. Content is prepared for general circulation and information contained does not constitute an offer or solicitation to buy or sell any investment fund, security or other product or service.