17: TFSA vs. RRSP
Money Feels
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RRIF Minimum Withdrawals
RRIF is a registered retirement income fund. If you convert your RSP to an RRIF at 65, which a lot of people do because that's traditional retirement age, the minimum withdrawal you have to make is 4%. So that's actually really in line with normal retirement. As you get older, they force you to take out a progressively larger amount because CRA wants their money.
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