Retirees can save money by trimming RRIFs and RRSPs, adding to TFSAs - GIC Wealth Management

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For Your Information Retirees can save money by trimming RRIFs and RRSPs, adding to TFSAs

Retirees can save money by trimming RRIFs and RRSPs, adding to TFSAs

The federal government says seniors will be prime beneficiaries of a move announced in this week’s budget to boost the annual TFSA ceiling to $10,000 from $5,500. One way to get your fair share if you’re just entering retirement is to start withdrawing money from your registered retirement plans and moving it into a TFSA.

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