RRSP to RRIF Conversion: Avoid Costly 2025 Mistakes

Video Description

When should you convert your RRSP into a RRIF, and what’s the smartest way to do it? In this video, we’ll break down how and when to convert, how withdrawals are calculated, the impact on taxes and Old Age Security benefits, and the estate details most people overlook. With real scenarios and easy-to-follow strategies, you’ll see how small, early choices can save thousands down the road. _________________________ 🗓️ Book a call to discuss your Personalized Retirement Strategy: https://www.fergusonfinancialplanning.com/lets-meet/?utm_source=youtube&utm_campaign=rrsp_to_rrif_conversion 📩 Get insights right to your inbox: https://www.fergusonfinancialplanning.com/subscribe-newsletter/ _________________________ 🎬 Chapters Intro 0:00 The Basics of Converting an RRSP 2:02 How Minimum Withdrawals Work 4:16 Understanding Tax & Withholding 6:12 The OAS Clawback Trap 8:31 Successor Annuitant vs. Beneficiary 11:37 Advanced Levers for Flexibility 14:23 _________________________ Jacqueline Ozdemir is a Financial Advisor at Assante Capital Management Ltd. Assante Capital Management Ltd. is a Member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization. Insurance products and services are provided through Assante Estate and Insurance Services Inc. This material is provided for general information and should not be considered individual investment, tax, accounting, or legal advice, or construed as an offer or solicitation to buy or sell securities. The statements and opinions expressed are those of the presenter(s) and not necessarily those of Assante Capital Management Ltd. All opinions expressed and information provided herein are subject to change without notice. Every effort has been made to compile this material from reliable sources as at the date indicated however, no warranty can be made as to its accuracy or completeness Market conditions may change which may impact the information contained herein. All charts and illustrations in this document are for illustrative purposes only and they are not intended to predict or project investment results. In considering any particular investment or investment strategy, please remember that past performance is no guarantee of future performance. We caution you not to place undue reliance on any statements that are predictive in nature, depend upon or refer to future events or conditions, as a number of factors could cause actual events or results to differ materially from those expressed in any forward-looking statement, including economic, political and market changes and other developments. The information contained herein may not apply to all types of investors. Before acting on the information presented, please seek professional financial advice based on your personal circumstances. _________________________