A fine balance: Getting the risk right in RRIFs
Investment Executive, Rosemary McCracken
Counselling clients on their RRIFs is likely to become a larger part of virtually every financial advi-sor’s practice. Canadians are living longer in general, and with the front end of the baby boomers – typically, an affluent lot –– entering retirement over the next few years, there are likely to be many more people with lots of questions about their RRIFS.
Issues range from the types of assets to hold in RRIFs, how and when to receive payouts, how to minimize taxes on mandatory payouts and how to make RRIFs last over those ever-increasing lifespans.