The Withdrawal Strategy Your Financial Advisor Never Told You About? скачать в хорошем качестве

The Withdrawal Strategy Your Financial Advisor Never Told You About?

The Withdrawal Strategy Your Financial Advisor Never Told You About? 𝗦𝗰𝗵𝗲𝗱𝘂𝗹𝗲 𝗮 𝗰𝗮𝗹𝗹 𝘄𝗶𝘁𝗵 𝗗𝗮𝘃𝗶𝗱 📅 https://meetings.hubspot.com/david-aaron In certain cases, a Life Income Fund (LIF) allows for a transfer to an RRSP or RRIF if the rate of return on the investments within the LIF exceeds the minimum withdrawal amount required by the LIF. This provision is designed to give individuals the flexibility to manage their retirement income efficiently, especially in situations where their investments are growing at a rate that outpaces the minimum withdrawal required. 𝗛𝗼𝘄 𝗶𝘁 𝗪𝗼𝗿𝗸𝘀: Minimum Withdrawal Amount: Every year, a LIF holder is required to withdraw a minimum amount from their LIF based on the value of the LIF and their age. This amount is determined by a government-prescribed percentage. Excess Earnings: If the investment return on the LIF exceeds the minimum withdrawal percentage for that year, the excess amount (i.e., the earnings above the minimum withdrawal) can be transferred out of the LIF to an RRSP or RRIF. This allows the account holder to avoid taking additional income (which would be taxable) if they don’t need it, while still benefiting from the growth of their LIF investments. 𝗘𝘅𝗮𝗺𝗽𝗹𝗲: Let’s consider an example where a LIF holder has $100,000 in their LIF at the beginning of the year. Minimum Withdrawal Rate: Let’s assume the minimum withdrawal rate for someone of their age is 4%, which would require them to withdraw $4,000 from the LIF that year. Rate of Return: Over the course of the year, the LIF investments generate a 7% return, or $7,000 in earnings. Excess Earnings: Since the minimum withdrawal is only $4,000, and the LIF earned $7,000, the excess earnings are $3,000. Transfer to RRSP/RRIF: The account holder can transfer this $3,000 to an RRSP or RRIF, allowing the funds to continue growing tax-deferred while avoiding the tax implications of withdrawing it as income. 𝗞𝗲𝘆 𝗣𝗼𝗶𝗻𝘁𝘀: ✅ This transfer option only applies if the investment return exceeds the minimum required withdrawal for the year. ✅ It provides an opportunity to reduce the taxable income, as the excess funds are not withdrawn directly but are instead transferred to another tax-sheltered account. ✅ The exact transfer rules can vary slightly by province, and it’s important to verify the specific conditions with a financial advisor or pension plan administrator. ✅ This rule is designed to give retirees more control over their withdrawals, particularly in years when their investments perform well. 𝗪𝗵𝘆 𝗬𝗼𝘂 𝗦𝗵𝗼𝘂𝗹𝗱 𝗪𝗮𝘁𝗰𝗵: This video is not just for economists or financial experts; it’s for anyone concerned about their financial well-being in the coming years. If you're looking for ways to safeguard your investments, plan for retirement, or understand the economic indicators that could impact your future, this video is your go-to resource. By the end of this discussion, you’ll have a clearer understanding of the driving forces behind rising interest rates, market volatility, CPP / OAS, Retirement planning and the tools you'll need for protecting your assets and ensuring a secure financial future. Don't leave your financial future to chance. Equip yourself with the knowledge you need and consider getting professional advice to navigate these uncertain times. Subscribe for more insights and actionable tips. Disclaimer: This video is for informational purposes only and should not be considered as financial advice. If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to schedule your confidential meeting with me.  You can schedule your meeting here: https://meetings.hubspot.com/david-aaron ➤ 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄 to our Channel here: http://bit.ly/2lPUJjA​​​ ➤ 𝐇𝐨𝐰 𝐈 𝐡𝐞𝐥𝐩 𝐌𝐲 𝐂𝐥𝐢𝐞𝐧𝐭𝐬 𝐀𝐜𝐡𝐢𝐞𝐯𝐞 𝐓𝐡𝐞𝐢𝐫 𝐆𝐨𝐚𝐥𝐬:    • Welcome to Aaron Wealth Management  P...   ➤ Business Inquiries: ☎️ 1-866-623-8368 📥 [email protected] 🌐 https://aaronwealthmanagement.com/ 📅 https://meetings.hubspot.com/david-aaron ⚡ 𝗖𝗼𝗻𝗻𝗲𝗰𝘁 𝘄𝗶𝘁𝗵 𝗗𝗮𝘃𝗶𝗱 𝗔𝗮𝗿𝗼𝗻 𝗼𝗻 𝗦𝗼𝗰𝗶𝗮𝗹 𝗠𝗲𝗱𝗶𝗮 Facebook:   / aaronwealthmanagement   LinkedIn:   / aaronwealthmanagement   Instagram:   / aaronwealthmanagement   Toronto Mississauga Oakville Burlington Brampton Woodbridge Vaughan Richmond Hill Newmarket Thornhill NorthYork GTA Etobicoke Markham Aurora King City Ontario Manitoba British Columbia Alberta New Brunswick #lira #retirementplanning #retirement