3 Smart RRIF Decisions That Add $200K to Your Retirement скачать в хорошем качестве

3 Smart RRIF Decisions That Add $200K to Your Retirement

For many Canadians, retirement planning doesn’t end when you stop working - it just enters a new phase. One of the biggest financial decisions you’ll face is how to withdraw money from your RRIF (Registered Retirement Income Fund). Get this wrong, and you could lose tens or even hundreds of thousands of dollars to taxes over your lifetime. Get it right, and your savings can stretch further - giving you peace of mind and more to pass on to your family. In this video, Sim Gakhar, Top of the Table MDRT Advisor and Founder of SG Wealth Management, explains how to design a RRIF withdrawal strategy that keeps your taxes low, protects your estate, and helps your money last for decades. 💡 What You’ll Learn in This Video ✅ The biggest RRIF traps that cost Canadians unnecessary tax ✅ Why taking only the minimum can backfire later in life ✅ How to smooth your tax bill and avoid 40%+ brackets in your 80s ✅ Real examples of two retirees with the same savings - but $200,000 different outcomes ✅ How to use RRIF withdrawals to grow your TFSA and gift tax-free wealth to your family ✅ A simple 3-step framework for lifetime withdrawal planning 📊 Key Facts Mentioned Inflation in July 2025 remains at 2.8%, increasing long-term retirement costs The average Canadian couple has a 50% chance that one spouse will live past 90 Many retirees lose 30-50% of lifetime RRIF income to taxes Strategic withdrawals can reduce lifetime tax bills by six figures 🧩 Why This Video Matters Most retirement advice focuses on saving, not withdrawing. But how you take money out - and when - can make the difference between freedom and financial stress. This video will help you retire smarter, not harder, with a plan that protects your lifestyle and legacy. ⏱️ Timestamps 0:00 - Intro: Why your RRIF withdrawal strategy matters 0:26 - The Retirement Reality: 25-30 years of income, not one tax year 1:52 - Common Traps: Short-term tax breaks, 4% rule, and minimum withdrawals 3:07 - The Facts: Inflation, longevity, and real tax thresholds 5:33 - Case Study: Raj & Anita - same savings, $200K difference 6:40 - Smart Strategies: Level withdrawals, fund TFSA, split income 8:17 - Final Takeaways: Paying smarter taxes & protecting wealth for life 🧠 This Video Is For Canadians age 60+ with RRSPs or RRIFs Couples approaching retirement and looking to reduce taxes Retirees unsure whether to defer or start withdrawals Anyone who wants to protect wealth and simplify estate planning 💬 Ready to See If You’re Paying More Tax Than You Should? At SG Wealth Management, we help Canadians build lifetime tax and withdrawal strategies that protect wealth and family legacy. 📅 Book a Free Consultation: https://sgwealth.ca/schedule/ 📧 Email: [email protected] 📱 Phone: +1 647-879-7294 📘 Featured Resource “Roots to Returns: Building, Growing, and Exiting a Business with South Asian Values” by Sim Gakhar A practical guide to building wealth, protecting assets, and passing on a legacy. 🎥 Watch the Book Overview: https://sgwealth.ca/book-roots-to-ret... 👉 Order Now: https://sgwealth.ca/book-roots-to-ret... 🌐 Connect with SG Wealth Management 🔗 Website: www.sgwealth.ca 💼 LinkedIn: Sim Gakhar 📸 Instagram: @sim.gakhar 📘 Facebook: Sim Gakhar Insurance