October 2022 – The Ride: Life, Work and Wealth

Offsetting Taxes From Your RRSP: Facts About The RRSP Meltdown Strategy (Ep. 56)

By theridelifeworkandwealth | October 26, 2022

The RRSP meltdown strategy has been saving our clients’ tax dollars for many years now, allowing for more savings and tax benefits.

In this episode, Kris Dureau unpacks the benefits and risks of this strategy along with ways you can reduce taxes during your retirement income in your early golden years.

Kris discusses:

How to save money when taking out your RRSP
How to avoid paying large amounts of taxes when withdrawing from your retirement savings plan
Techniques to save money during your retirement years
The role of these RRSP strategies when it comes to your estate planning
And more!

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6 Things To Avoid With a Tax-Free Savings Account (Ep. 55)

By theridelifeworkandwealth | October 12, 2022

Just the name Tax-Free Savings Account (TFSA) sounds wonderful, doesn’t it? You can set aside money tax-free throughout your lifetime and it is a great idea… If you don’t make some simple mistakes. We need to be aware of the regulations around these accounts to avoid any painful mistakes.

In this episode, Kris goes through six simple steps you can check off in order to have a tax-free savings account as a valuable tool that benefits you. Your TFSA is a registered plan that could help you save a certain amount of money each year and grow it tax-free.