Investments

As a retiree with a Registered Retirement Income Fund (RRIF), you have a minimum amount you must withdraw each year, starting no later than the year after you opened the RRIF. But what if you have one or more years when you don’t need the entire amount, or any of it, to support your retirement lifestyle? Also, what if you want to keep the investments you would be cashing out? Keeping the investments in kind You can make an in-kind transfer of investments from your RRIF to a n

“Financial independence, retire early” (FIRE) and “you only live once” (YOLO) are essentially opposite approaches, but they share a common goal—to seek happiness and achieve financial freedom. They’re just focused on different stages of life. With FIRE, the point is to live frugally, save aggressively and ideally retire earlier than the traditional retirement age—by a decade or more. While FIRE followers plan for future happiness and freedom, YOLO is all about wanting it now.