Should You Stop RRSP Contributions at 55?

At 55 with a $1.2 million RRSP, the next contribution may still look like the obvious move, but the real question is what that money does to your future retirement income. This video looks at how RRSP contributions can affect future RRIF income, CPP, OAS, TFSA flexibility, and the OAS clawback conversation for high-income Canadians approaching retirement. The goal is to help you think through whether the next dollar still belongs in the RRSP, or whether another account may give your retirement plan more control. Intro 0:00 Stop Judging by the Refund — 2:23 Measure the Future RRIF, Not Just the RRSP — 4:45 Watch the Retirement Income Stack — 7:20 Look at the Household, Not One RRSP — 11:55 Give the Next Dollar a Job — 14:00 Know When RRSP Contributions Still Make Sense — 16:26 Recap — 18:46 _________________________ 🗓️ Book a call to discuss your Personalized Retirement Strategy: https://www.fergusonfinancialplanning... 📩 Get insights right to your inbox: https://www.fergusonfinancialplanning... _________________________ Jacqueline Ozdemir is a Financial Advisor at CI Assante Wealth Management Ltd. CI Assante Wealth Management Ltd. is a Member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization. Insurance products and services are provided through Assante Estate and Insurance Services Inc. This material is provided for general information and should not be considered individual investment, tax, accounting, or legal advice, or construed as an offer or solicitation to buy or sell securities. The statements and opinions expressed are those of the presenter(s) and not necessarily those of CI Assante Wealth Management Ltd. All opinions expressed and information provided herein are subject to change without notice. Every effort has been made to compile this material from reliable sources as at the date indicated however, no warranty can be made as to its accuracy or completeness Market conditions may change which may impact the information contained herein. All charts and illustrations in this document are for illustrative purposes only and they are not intended to predict or project investment results. In considering any particular investment or investment strategy, please remember that past performance is no guarantee of future performance. We caution you not to place undue reliance on any statements that are predictive in nature, depend upon or refer to future events or conditions, as a number of factors could cause actual events or results to differ materially from those expressed in any forward-looking statement, including economic, political and market changes and other developments. The information contained herein may not apply to all types of investors. Before acting on the information presented, please seek professional financial advice based on your personal circumstances.