Smart Money Moves - RSP vs Taxable Account Withdrawals Made Simple!

Smart Money Moves - RSP vs Taxable Account Withdrawals Made Simple! 𝗦𝗰𝗵𝗲𝗱𝘂𝗹𝗲 𝗮 𝗰𝗮𝗹𝗹 𝘄𝗶𝘁𝗵 𝗗𝗮𝘃𝗶𝗱 📅 https://meetings.hubspot.com/david-aaron 💰 When it comes to withdrawing money in retirement, the order matters more than you think!* In this video, we simplify one of the most critical decisions Canadian retirees face: **Should you withdraw from your RSP (RRSP/RRIF) first or your taxable (non-registered) investment account? The wrong order could cost you thousands in taxes, reduce government benefits like OAS, and shrink your long-term retirement income. But with the right strategy, you can significantly extend the life of your portfolio, minimize taxes, and maximize your cash flow. 📈 Whether you're already retired or just planning ahead, this video breaks down the pros and cons of each withdrawal approach in clear, simple terms—no jargon, just smart money moves. 🔍 Here’s What You’ll Learn: ✔️ The difference between RSP and taxable accounts ✔️ How tax brackets, OAS clawbacks, and capital affect your decision ✔️ When it makes sense to draw from your RRSP earlier than required ✔️ The impact of deferring CPP or OAS vs withdrawing investments ✔️ How to create a tax-efficient retirement income strategy 🧠 Why This Matters: Most Canadians follow generic advice like “delay RRSP withdrawals as long as possible”—but this can backfire. Especially if you’ve built up a large RSP, you might be unknowingly setting yourself up for *higher taxes* in your 70s and 80s. Choosing the right withdrawal order can save you tens—or even hundreds—of thousands in taxes and help you avoid surprise clawbacks on your government benefits. This video makes it easy to understand, no matter your level of financial literacy. 🧮 Who Should Watch This Video? ✅ Canadians age 50+ with RSPs, RRIFs, or non-registered investments ✅ Anyone planning for retirement and looking to reduce future taxes ✅ Financially savvy individuals desiring smart, strategic money moves ✅ People concerned about OAS clawbacks or future tax bills 💬 Join the Conversation Drop your questions in the comments—our team monitors them and answers regularly! Whether you're considering a RRIF conversion, wondering when to touch your taxable account, or just want to avoid unnecessary taxes, we’re here to help. 📞 Want Personalized Help? Book a free consultation with one of our retirement income planning experts. We’ll walk you through YOUR ideal withdrawal strategy. https://meetings.hubspot.com/david-aaron 👍 Like this video if you found it helpful 🔔 Subscribe for weekly Canadian retirement tips 📤 Share this with a friend or family member nearing retirement 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 #rrspmeltdown #RRSP #financialplanning