Looking for a strategy to handle a potential RRSP meltdown? We've got you covered!

Our sample plan generally requires a time commitment of at least 6 years. In this real example we accomplished for client Peter, we helped him navigate the process of withdrawing $300,000, while ensuring all taxes are taken care of.

The key here is to focus on putting this money into a contractually guaranteed and financially secure solution, offered by reliable insurance companies.

Unleash the full potential of your retirement savings!

WATCH: ▶ How to Melt Down Your RRSP: Case Study

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IN THIS EPISODE, YOU WILL LEARN:
[00:00:00] Intro to the ins and outs of an RRSP meltdown
[00:08:44] Tax break vs tax deferral: Know the right language
[00:11:48] Surrendering tax advantages
[00:18:01] Sample computation
[00:20:44] Income penalizing, taxes, and retirement
[00:22:49] Forced decision you have to make at age 71
[00:25:05] Case Study: Peter’s $300k RRSP Plan
[00:37:21] Walkthrough on the tax impact with a $100k income
[00:57:13] Growing cash values that match the death benefit
[01:03:05] The promise of earning 12% rates of return from investments

QUOTES:
● Time often gets overlooked when it comes to the decisions you make with your capital today.
● We're not talking about the rate of return but the journey of the money that enters your policy.
● To recover your capital and tax portions paid, consider transferring funds from your RRSP to your family banking system.

#RichardCanfield #HenryWong #BeYourOwnBanker #InfiniteBanking #RRSP #Savings #financialliteracy #invest #financialadvice #wealthmanagement
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