Why Most Canadian Retirees Never Spend Their RRSPs - And How To Fix It

Book a call with me here: https://tinyurl.com/AKellermann Download my Free Retirement Investment Concepts Guide: https://www.alexkellermann.com/en-ca/... Most Canadians spend decades building their RRSP. But very few spend enough time planning how to withdraw it. And that's where the real problem starts. Because once you reach age 71, the government requires you to convert your RRSP into a RRIF and begin taking mandatory withdrawals—whether you need the income or not. For many retirees, those withdrawals create higher taxes, OAS clawbacks, and estate-planning problems that could have been reduced with proper planning. In this video, I explain how the RRSP tax trap develops, what happens when mandatory RRIF withdrawals begin, and how a strategic RRSP meltdown plan may help reduce future tax exposure. Here's what you'll learn: • What happens when your RRSP converts to a RRIF • How mandatory RRIF withdrawals work • Why RRIF withdrawals can create unexpected tax pressure • The OAS clawback threshold retirees need to monitor • How large RRSP balances affect retirement income planning • What happens to RRIF assets when you pass away • The benefits of a strategic RRSP meltdown approach • How TFSAs can help improve tax efficiency • Why withdrawal sequencing matters in retirement • The planning window available before age 71 If you're between age 55 and 71 and have significant RRSP savings, understanding RRIF rules, OAS clawbacks, withdrawal sequencing, TFSAs, estate taxes, and retirement income planning could potentially save you hundreds of thousands of dollars over retirement. #rrsp #rrif #retirementplanning #canadianretirement #oas #oasclawback #tfsa #taxplanning #financialplanning #wealthmanagement #retirementincome #canadianfinance #retirecanada #financialfreedom #retirementadvice #wealthbuilding #investmentplanning #retirementtaxes #taxstrategy #retirementstrategy