Your retirement income just changed. Here's why

The Canadian Money Roadmap

The Canadian Money Roadmap
Your retirement income just changed. Here's why
Jan 08, 2025 Episode 148
Evan Neufeld, CFP®

In this episode, Evan Neufeld delves into how retirement income can fluctuate for Canadian retirees in 2025. Learn about the implications of converting RRSPs to RRIFs, including changes in minimum withdrawal amounts, portfolio balance changes, and withholding tax. Evan also explains the complexities of LIFs, inflation adjustments for CPP and OAS benefits, and offers practical advice to plan for these changes in your retirement income.

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