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  2. Registered retirement savings plan - Wikipedia

    en.wikipedia.org/wiki/Registered_retirement...

    While the original purpose of RRSPs was to help Canadians save for retirement, it is possible to use RRSP funds to help purchase one's first home under what is known as the Home Buyers' Plan (HBP). [19] An RRSP holder can borrow, tax-free, up to $35,000 [20] from their RRSP (and another $35,000 from a spousal RRSP) towards buying their ...

  3. Spousal Social Security Benefits: 5 Things All Retired ... - AOL

    www.aol.com/spousal-social-security-benefits-5...

    For example, if your Social Security retirement benefit is expected to be $2,000 per month at full retirement age, the highest possible spousal benefit based on your work record would be $1,000.

  4. Ask an Advisor: If I'm 62 and My Husband is 68, Can I Collect ...

    www.aol.com/ask-advisor-im-62-husband-132654812.html

    Can I Collect Spousal Benefits for 5 Years and Switch to My Own at Full Retirement Age? appeared first on SmartReads by SmartAsset. He is 68 now (born in 1955), while I am 62 (born 1961).

  5. 4 Outdated Retirement "Rules" You May Want to Think Twice ...

    www.aol.com/4-outdated-retirement-rules-may...

    The popular 4% rule says you can spend 4% of your retirement savings in the first year of retirement. You then adjust this amount annually for inflation to calculate future withdrawals.

  6. Registered retirement income fund - Wikipedia

    en.wikipedia.org/wiki/Registered_Retirement...

    A registered retirement income fund (RRIF, French: fonds enregistré de revenu de retraite, FERR) is a tax-deferred retirement plan under Canadian tax law. Individuals use an RRIF to generate income from the savings accumulated under their registered retirement savings plan. As with an RRSP, an RRIF account is registered with the Canada Revenue ...

  7. Locked-in retirement account - Wikipedia

    en.wikipedia.org/wiki/Locked-In_Retirement_Account

    The distinction between a LIRA / LRSP and a registered retirement savings plan (RRSP) is that, where RRSPs can be cashed in at any time, a LIRA / LRSP cannot. Instead, the investment held in the LIRA / LRSP is "locked-in" and cannot be removed until either retirement or a specified age outlined in the applicable pension legislation (though certain exceptions exist).

  8. 1 Important Conversation to Have With Your Spouse Before ...

    www.aol.com/1-important-conversation-spouse...

    The average spouse of a retired worker collects around $909 per month in benefits, according to November 2024 data from the Social Security Administration, so if you qualify for spousal benefits ...

  9. How Do I Calculate Spousal Social Security Benefits? - AOL

    www.aol.com/finance/calculate-spousal-social...

    These benefits can substantially influence your retirement income, and becoming familiar with their ins and outs is crucial. The post How to Calculate Spousal Social Security Benefits appeared ...

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