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How to use a TFSA for retirement

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Manage episode 451066438 series 2851814
Konten disediakan oleh Evan Neufeld, CFP® and Evan Neufeld. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Evan Neufeld, CFP® and Evan Neufeld atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

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In this episode of the Canadian Money Roadmap Podcast, we delve into the many benefits of Tax-Free Savings Accounts (TFSAs) for retirement income, covering one-time expenses, and leaving a tax-free legacy for your family. Discover how TFSAs can provide tax-free retirement income, offer flexibility for large expenses, and simplify your estate planning. Don't miss this eye-opening discussion that could change how you think about your retirement strategy.
00:00 Introduction to TFSA for Retirement
00:41 TFSA vs. RRSP: Understanding the Differences
01:50 Using TFSA for Regular Monthly Income
03:40 Withholding Taxes: A Deep Dive
06:23 Systematic Withdrawal Plans (SWPs)
08:02 Covering One-Time Expenses with TFSA
12:34 TFSA for Estate Planning and Legacy
16:45 Conclusion and Recap

Financial Foundations Course

Invest With Evan
Financial Foundations Course - Save 25% with code PODCAST25
Full Financial Picture Spreadsheet

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154 episode

Artwork
iconBagikan
 
Manage episode 451066438 series 2851814
Konten disediakan oleh Evan Neufeld, CFP® and Evan Neufeld. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Evan Neufeld, CFP® and Evan Neufeld atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

Watch this episode on YouTube
In this episode of the Canadian Money Roadmap Podcast, we delve into the many benefits of Tax-Free Savings Accounts (TFSAs) for retirement income, covering one-time expenses, and leaving a tax-free legacy for your family. Discover how TFSAs can provide tax-free retirement income, offer flexibility for large expenses, and simplify your estate planning. Don't miss this eye-opening discussion that could change how you think about your retirement strategy.
00:00 Introduction to TFSA for Retirement
00:41 TFSA vs. RRSP: Understanding the Differences
01:50 Using TFSA for Regular Monthly Income
03:40 Withholding Taxes: A Deep Dive
06:23 Systematic Withdrawal Plans (SWPs)
08:02 Covering One-Time Expenses with TFSA
12:34 TFSA for Estate Planning and Legacy
16:45 Conclusion and Recap

Financial Foundations Course

Invest With Evan
Financial Foundations Course - Save 25% with code PODCAST25
Full Financial Picture Spreadsheet

  continue reading

154 episode

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