RE: Ready to Retire? Part 2, The RRIF Trap. 2015 $50 1 Troy oz. Gold Maple Leaf

[kerrislravenhill]

As long as I trade silver and gold under Barter, I'm okay.
However, the laws in Socialist Canada can change on a dime.
I may need to make a break to the US if things get too dicey up here. For now I can work the rules to my advantage as best I can. I estimate using only half my RRIF and the unused funds can be deposited into my TFSA depending on the allowance that year.
Thanks for the comment @silvertop
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[silvertop]

They definitely make the rules to their advantage!🙄
Glad you are on top of this!
Can you imagine how many people that don’t know how to deal with money at all😮

[kerrislravenhill]

I came to that conclusion eleven years ago.
The rules around RRSP/RRIF accounts can change to their benefit.
That was the reason I stopped making my RRSP contribution and steered the monthly cash flow into my Stacking DCA Account.
My Stack is worth more than my RRSP/RRIF!

I'm gonna have a lot of hurting relatives and friends.

[silvertop]

The same here, even my two married sons think dads crazy when it comes to stacking precious metals, and crypto!🙄
I just saw that you are the winner of last week’s Ladies of Hive, congratulations!🤗

[kerrislravenhill]

Thank you.

My way and style of setting the bar on quality content.
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