Converting your RRSP to RRIF feat. Sean Lecomber of K4 Financial

[@teresafortier5519]

Hahahaha. You guys rock. Thanks for the chuckles. As well, perfect subject timing for me.

[@TinTinner77]

Thanks for the "live". Much appreciated!

[@terryevp4084]

Great and practical conversations. Thanks Kent & Sean...!!!!

[@rickjunior6478]

Good to see your videos again and meet Sean!

[@justinr8426]

Apart from 9.09 minutes comment in this videp, i like your 2022 tax rate video, it is quite useful and to the point

[@galencurnoe5165]

Great video, thanks.

[@K4Financial]

Thanks 😊

[@galencurnoe5165]

@@K4Financial 👍

[@smallmj2886]

Cool to see Sean. I always enjoy him on The Debaters.

[@K4Financial]

I do too. He’s always even better when you know him.

[@catemawson9994]

Hi Kent. If I converted my RRSP to a RRIF before age 65, I realize that I would have to take a minimum amount out each year (“melting down”) but do I have to wait until age 65 to be able to income split this RRIF withdrawal with my spouse (we are both the same age). Thanks for your input.

[@K4Financial]

Yes, once you’re 65 it will allow you to split it, unfortunately not before.

[@Heeter_23]

I'm sorry, but too much banter, please get to the point ... ughh

[@mike330i]

wouldn't a simple Google search will show the minimum RRIF withdrawal rate per year?

[@brianrosa4400]

There's many tax calculators on line that can tell you how much tax you'll pay

[@crescentebolusan4028]

I retired at age 62 and all my RRSP was converted to RRIF, Do you think its a good moved.

[@K4Financial]

Hard to know for sure. Probably fine.

[@analogconversation5690]

In Sean's father's case, would he have been able to convert the RRSP to a RIFF but use a younger spouses age? There is a 6 year gap between my husband and myself so we used my age for his RIFF. You have to set it up with that request. It is a card to play if your situation warrants it.

[@K4Financial]

Sometimes it makes sense to do it based on that, but in Sean’s case his mother passed away over a decade ago.

[@analogconversation5690]

Very sorry to hear that. Good that Sean is dialed in to what his Dad needs. Glad to see you back!

[@czanel4899]

Thirteen minutes in and I still listen about old scrooge. I'm out of here. NO TIME FOR THAT.

[@cleanasdirt6832]

I’m always late for the party.

[@K4Financial]

I’m never even invited

[@justinr8426]

@ 9.09 minutes, it is stupid to ask bank for accountants/ taxation questions. Even a banker knows the answer , they will refer to tax/ accountants as bankers r not supposed to offer advice on taxation issues

[@K4Financial]

Financial Planning is all about tax planning. Accountants don’t deal with tax planning in the same way we do and there is a use for both. If your advisor isn’t capable of giving you basic advice on tax planning, then what’s the point of asking them anything?