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The Registered Retirement Savings Plan (RRSP) has been the go-to account for retirement savings for nearly 70 years. But could it actually be holding you back from living your best life in your golden years? In this episode, Henry Mah from Your Ever Growing Income explains how the tax treatment of RRSP withdrawals can become a liability for retirees intending to live off dividends from their investment portfolio. He also shares what he believes is the optimal approach for dividend investors to save for retirement and maximize their income potential as they draw down their investment accounts. Plus, Henry takes viewer questions about investing for retirement in our live Q&A session.
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