I think my posts discussing how best to withdraw cash-to-live from a RRIF in retirement are my best posts thus far. They certainly have attracted more attention than usual. The most popular one is the post looking at how much can safely be withdrawn from a RRIF.
I'm running a demo portfolio based loosely on my own portfolio. The big difference is in total investment. I'm not a millionaire. But, I am withdrawing a full four percent. So far, this withdrawal rate has worked for me for eleven years and now we'll see if the magic will come through again. So far so good, but a month is hardly enough time to make a firm judgment.
- How much one can safely withdraw from an RRIF: Fisher Investments Canada 15- Minute Retirement Plan
- Before you can withdraw, you must have a retirement account loaded with money. Starting early really is the key here. Read the following four entries.
- Step one when considering investing: Get a handle on your finances
- Step two is to consider a self-directed plan
- Step three looks at how to quickly and easily create that first portfolio
- And after you've done all the above, you are not done. Now, you must learn how to hold and let time do its magic. This is a lot tougher than it sounds and because of this there are two posts: Sticking to the plan and How to get through a bear market.
Cheers!
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