Sunday 22 July 2018

Best way to withdraw from spousal RRSPs

Greeting - Hello #MoneyFit readers!

For most couples, one key outcome of good communication about money is it helps protect their financial legacy. So, whether it's learning how to combine finances the second time around, or doing the right estate planning to protect your nest egg's future heirs, as long as your plan works for both of you, you'll be fine in the long run, especially when it comes to retirement. Here's what the two of you should do:
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Hello #MoneyFit readers!

For most couples, one key outcome of good communication about money is it helps protect their financial legacy. So, whether it's learning how to combine finances the second time around, or doing the right estate planning to protect your nest egg's future heirs, as long as your plan works for both of you, you'll be fine in the long run, especially when it comes to retirement. Here's what the two of you should do:



KEY TIPS FOR MARRYING THE SECOND TIME AROUND
John's second wife-to-be is more financially independent than he is. How should they manage their finances as a couple?

PLAN WHILE YOU'RE BOTH ALIVE TO PROTECT YOUR FINANCIAL LEGACY
Wills, beneficiaries and naming heirs to family heirlooms are all key to maintaining long-term financial peace in families.


HOW TO WITHDRAW FROM A SPOUSAL RRSP SO IT BENEFITS EVERYONE


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***INVESTOR STORIES WANTED! If you invest in a TFSA and would like to share your investment strategy with us, drop us a line at ask@moneysense.rogers.com. We'd love to hear from you.***

That's it for now. Stay Money Fit!



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