tag:blogger.com,1999:blog-4840716514606746719.post2487786797440092881..comments2024-02-08T16:49:02.022-08:00Comments on Investing, Economics Mostly: The 4% RuleSPBrunnerhttp://www.blogger.com/profile/10497905201043436744noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4840716514606746719.post-29033230537242018782015-05-20T16:43:33.817-07:002015-05-20T16:43:33.817-07:00Agreed on the not having to spend it SP. In fact I...Agreed on the not having to spend it SP. In fact I hope to be able to do ar you are now, invest the excess, if any , back in to my TFSA. Thanks to Olive Oil for increasing that to $10K! Still the title of the article is the 4% rule.<br />But still, the rules for RRIF withdrawals exceed 4% after 65 years of wisdom. So the premise that we can withdraw "only" 4% from our accounts is not realistic except for the TFSA and non-registered accounts.<br />Again, saying we should withdraw only 4% when we are mandated to withdraw in excess of that is misleading. What we do with the excess, if there is any, is up to us. Spned it, save it but the withdrawal from the RRIF still exceeds 4%.<br /><br />RICARDOAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4840716514606746719.post-30240772617520712722015-05-20T09:56:54.619-07:002015-05-20T09:56:54.619-07:00Just because you have to take more out of your RRS...Just because you have to take more out of your RRSP/RRIF accounts does not mean you have to spend it. I am putting excess currently in a TFSA and my Trading Account. <br /><br />I have an RRIF currently because it was pension money and the only way I could access the money was change the Locked-In RRSP to LIF. <br /><br />I was lucky that when I stopped working I had half my money in a Trading Account and half in RRSP accounts.<br /><br />But still my first remarks apply. Because you have to take money from RRIF does not mean you have to spent it. SPBrunnerhttps://www.blogger.com/profile/10497905201043436744noreply@blogger.comtag:blogger.com,1999:blog-4840716514606746719.post-11336945941743932262015-05-19T14:24:52.055-07:002015-05-19T14:24:52.055-07:00I have yet to figure out how I am going to convinc...I have yet to figure out how I am going to convince the bank(s) to let me withdraw only 4% when I convert my RRSP to a RRIF. Except for the 65 and under crowd, it will be more than a 4% wihdrawal.<br />I wish the various blog personages would qualify the 4% as appling to TFSAs and non registered funds. It obviously has nothing to do with RRIFs once you are past 65. And with the older crowd much of our savings has been dutiful piled in to RRSPs of various flavours which must be converted to a RRIF or annuity. Unless you take it all out in one shot.<br /><br />The younger crowd will be much better positioned to apply the 4% rule if they sock the majority of their money in to TFSAs and non-registered accounts.<br /><br />RICARDOAnonymousnoreply@blogger.com