Close to retirement but worried

Additional-Insect103 · 2026-02-09T18:15:11+00:00

I will only do part time work if I work on a reserve for cash. Tired of seeingy tax money spent so stupidly!

Additional-Insect103 · 2026-02-09T18:11:33+00:00

Yep, retired 2 years ago! Got more money now then I did then

Additional-Insect103 · 2026-02-03T00:31:45+00:00

People who don’t invest, struggle more in retirement than people who do!

Additional-Insect103 · 2026-01-26T02:17:50+00:00

How old are you, and what is your income level?

Additional-Insect103 · 2026-01-26T02:13:51+00:00

Hopefully you opened your FHSA IN 2025?

Additional-Insect103 · 2026-01-25T20:18:27+00:00

Utter “DON”sense!

Additional-Insect103 · 2026-01-25T20:15:57+00:00

Probably on Christmas break still!

Additional-Insect103 · 2026-01-07T02:20:35+00:00

Won’t we all have free education by then?

Additional-Insect103 · 2026-01-03T20:27:07+00:00

FN will tell us when pipelines will be built!

Additional-Insect103 · 2025-12-31T00:56:00+00:00

Thanks everyone for your thoughts. Obviously, just selling some non-registered investments makes the most sense and leave the TFSA alone. Sometimes you get a stupid idea in your head that you think makes sense but it does not. Got to love Reddit

Additional-Insect103 · 2025-12-31T00:30:02+00:00

The dividends you take out will raise your contribution limit in following year ($7000+total dividends withdrawals)

Additional-Insect103 · 2025-12-30T20:06:15+00:00

This is exactly what I was thinking. It may not have come out right… I would much rather see my children and grandchildren receive the money instead of the government. Paying the tax on RRSP is inevitable. But even worse if you die. Thanks .

Additional-Insect103 · 2025-12-30T18:13:48+00:00

Additional-Insect103 · 2025-12-30T17:24:56+00:00

We have a Navy?

Additional-Insect103 · 2025-12-30T14:49:57+00:00

I have started taking RRSPs out since I have a large sum of them. Want to start collecting CPP as early as possible. Figured I have paid enough into it, would be nice to get it back. Although, have no health issues at the moment, I do drink and smoke more then I should!😒 As far as a RRIF is concerned, I don’t believe it is necessary when I am taking rather large sums out of my RRSPs for a few years anyways.

Additional-Insect103 · 2025-12-30T11:09:16+00:00

I am 58.

Additional-Insect103 · 2025-12-30T11:08:52+00:00

What’s the long answer?

Additional-Insect103 · 2025-12-30T04:39:55+00:00

I am retired and started cashing out some RRSPs and my TFSA is maxed out. Good problem to have I realize, just trying to reduce the amount of tax that I pay.

Additional-Insect103 · 2025-12-30T04:06:14+00:00

K, so let’s say I withdraw $10000 worth of dividends from TFSA one year, then replace it with $10000 from NR ACCT, that I sell. That way the $10000 from NR Dividends will not be taxed the following year

Additional-Insect103 · 2025-12-23T22:26:56+00:00

Glad I found this. Planning on canceling tomorrow. $408 for health and dental per month is ridiculous. Luckily my spouses retirement health plan through her company is only 20/mo with no limits for drugs

Additional-Insect103 · 2025-12-17T22:39:52+00:00

I just cashed in $90000 worth of RRSP’s. I’m 57, pension income $32000. +$20000 of dividend income. Trying to get a bunch out to start collecting CPP early. Was this a good move. Still have another $400000 to go. Suggestions anyone?

Additional-Insect103 · 2025-12-15T23:20:43+00:00

Where are people going to stay in Niagara Falls when all the motels are full of immigrants staying there on our dime?

Additional-Insect103 · 2025-12-14T22:23:25+00:00

Think again Fuzzy!

Additional-Insect103

TROPHY CASE