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17: TFSA vs. RRSP

Money Feels

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You Don't Have Control Over Your Retirement Accounts

The mandatory withdrawal from your RRIF is at age 87 when you're 26, right? Like, we don't think about these things. The CRA just wants their tax bill. That's what that's what they're banking on. There are downsides to the idea that you should always max out these accounts and hoard as much wealth as you can.

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