Maximize Your RRIF Tax Smart Withdrawal Strategies for Retirees | EP 123

Disclaimer:
Opinions expressed are those of Joseph Curry, a registrant of Aligned Capital Partners Inc. (ACPI), and may not necessarily be those of ACPI. This video is for informational purposes only and not intended to be personalized investment advice. The views expressed are opinions of Joseph Curry and may not necessarily be those of ACPI. Content is prepared for general circulation and information contained does not constitute an offer or solicitation to buy or sell any investment fund, security or other product or service.
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In this episode, we’re diving deeper into RRIF (Registered Retirement Income Fund) strategies, building off last week’s episode where we covered the basics of RIFs.
This time, we’re focusing on how to optimize your RIF withdrawals to minimize taxes and maximize your retirement income.

Topics include:
🔹 When to withdraw the minimum vs. taking more during low-income years
🔹 Splitting pension income with a spouse after age 65 to reduce tax brackets
🔹 Strategies to defer OAS clawbacks and enhance long-term income

Here’s what you’re in for:
00:00 Welcome to Your Retirement Planned and Simplified
00:18 Introduction to RRIF Strategies
00:47 Optimizing Withdrawals to Minimize Taxes
02:04 Splitting Pension Income with a Spouse
02:26 Deferring OAS Clawbacks
03:40 Using TFSAs to Shelter Withdrawals
04:32 Planning Asset Allocations in Your RIF
04:59 Considering Early Withdrawals
07:36 Balancing Income Sources in Retirement
08:31 Revisiting Your Retirement Plan Annually
09:22 Maximizing Extra Cash Flow
12:15 Final Thoughts and Resources

Whether you’re looking to defer taxes, avoid clawbacks, or ensure a smooth financial transition for your family, this episode will provide actionable insights to help you optimize your retirement plan.

Catch last week’s episode for a refresher on RRIF basics.

👉 Don’t forget to like, subscribe, and share this episode with others who want to simplify their retirement planning.

💬 Have questions? Drop them in the comments, and I’ll cover them in a future episode!
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ABOUT JOE CURRY
Joseph Curry, also known as Joe, is the co-host of Your Retirement Planning Simplified, Canada’s fastest-growing retirement planning podcast, where he provides accessible, in-depth financial advice. As the owner and lead financial planner at Matthews + Associates in Peterborough, Ontario, he is committed to helping people secure both financial stability and purpose in retirement. His mission is to ensure people can sleep soundly knowing they have a solid plan in place, covering both financial and lifestyle aspects of retirement. A Certified Financial Planner and Certified Exit Planning Advisor, he values true wealth as more than money—it’s about creating meaningful experiences with loved ones and fostering opportunities for the future.

You can reach out to Joe through:

LinkedIn:   / curryjoe  
Website: https://www.retirementplanningsimplif...
  / retirementplanningsimplified  
Matthews + Associates Website

ABOUT RETIREMENT PLANNING SIMPLIFIED
Founded in 2022, its mission is to empower people to plan for retirement confidently, focusing not only on finances but also on a meaningful life. RPS wants everyone to have access to simple, reliable tools that reflect their values and priorities, helping them create True Wealth—the freedom to do what they love with those they love. By simplifying retirement planning and aligning it with the retiree's purpose, RPS aims to support building a retirement that feels fulfilling and secure.