The RRSP Meltdown Strategy I Don’t Recommend (Financial Planner Answers)

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In this video, I’ll be answering your questions on retirement, tax, and estate planning for Canadians. We’ll discuss if there is any risk to consolidating your assets, the other RRSP meltdown strategy we don’t recommend, how withholding tax works on RRIF withdrawals, if Canada will bump retirement age to 67, and much more.

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DISCLAIMER: This presentation is for informational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments carry risk, and past performance does not guarantee future results. Any forward-looking statements are based on assumptions and may not reflect actual outcomes.

The content on this channel is for educational purposes only and does not provide specific investment or planning recommendations. Viewers should consult a qualified professional for retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for any decisions made based on this content.

TIMESTAMPS:
0:00 – Are there risks to consolidating your assets?
1:29 – The RRSP meltdown strategy we don’t recommend
3:30 – Withholding tax on RRIF withdrawals
4:47 – Will RRIFs transfer to spouse at death?
6:15 – Do most retirees get OAS clawback?
7:36 – Estate planning considerations with blended families
9:02 – CPP timing when retiring early
9:30 – Meltdown RRSP, delay CPP, and not use up TFSA?
10:45 – Do planners have a fiduciary?
13:52 – Will Canada bump retirement age to 67?
15:09 – When can you use younger spouse’s RRIF withdrawal rate?
15:43 – Can annuitant of spousal RRSP contribute?
17:50 – Does RRSP meltdown make sense for expats returning to Canada?
18:57 – Should we delay QPP to 72?

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