Liam,* 67, is retired, single and focused on managing his finances as effectively as possible.
He is considering a registered retirement savings plan (RRSP) and registered retirement income fund (RRIF) meltdown, a tax strategy that involves drawing down his registered retirement savings before required to increase his income and smooth out lifetime tax.
He is also looking into a reverse mortgage as a living inheritance for his nieces and nephews ...
English (US)