The ultimate retirement planning guide for 2022
3:57
cnbc.com
The ultimate retirement planning guide for 2022
CNBC offers winning strategies from top financial experts to help you attain your retirement goals during uncertain times.
Oct 22, 2020
Registered retirement income fund RRIF Withdrawal Rules
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RRIF withdrawal rules for retirees need to be updated
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RRIF withdrawal rules for retirees need to be updated
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Most Canadians are counting on CPP to fund their retirement… But here’s the problem 👇 The average new CPP payment in 2025 is under $850/month. Even the maximum payout is only about $1,400/month — and almost no one qualifies. That’s not a retirement plan. That’s a supplement. CPP was designed to replace about 25–33% of your working income — not your entire paycheck. That means even if you’ve contributed your whole career, you’ll likely still receive less than $20,000 a year. If you want true fin
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Most Canadians are counting on CPP to fund their retirement… But here’s the problem 👇 The average new CPP payment in 2025 is under $850/month. Even the maximum payout is only about $1,400/month — and almost no one qualifies. That’s not a retirement plan. That’s a supplement. CPP was designed to replace about 25–33% of your working income — not your entire paycheck. That means even if you’ve contributed your whole career, you’ll likely still receive less than $20,000 a year. If you want true fin
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