@MarkMcGrathCFP@aaron_fulop@CatLadyCapital Yes asking if I should withdraw now. I have no income other than about 20K in dividends from nonreg xeqt. I was thinking of withdrawing 30k from RRSP to stay in bottom bracket even though I don't need the money now. Would then put this RRSP money in nonreg.
@MarkMcGrathCFP@aaron_fulop@CatLadyCapital Gemini recommends a meltdown strategy well before age 71, withdraw enough to keep in Lowest bracket, and then reinvent into nonreg if TFSA is full.
@MarkMcGrathCFP@aaron_fulop@CatLadyCapital What if in 25 yrs your RRSP account is projected to be at 10M. If you currently have no income, would it make sense to draw down RRSP well before age 71?
@GadSaad Gaad have you ever thought of moving to somewhere else in Canada? Not saying to give in and be forced to stay but if you become a citizen of the US and decide to move to a different country they will tax you forever no matter where you live. Quebec is wack. Come move out West!
@MarkMcGrathCFP Wow. What's the reasoning for this? Do you plan to move around lots? I can't imagine being able me to afford a house and choosing to rent. Would never feel like "home" to me.
@garquake @SteveWps @Wealthsimple Takes about a week. They use ATON provided both parties use it. I've done this a few times with wealth simple, TD, webull. Keep churning between brokers to get anywhere between 1-2% cash back paid monthly. Tax free too.
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