Nice Blog post from a QAFP (Fee based Planner) 👏 https://boomerandecho.com/when-the-rrsp-meltdown-doesnt-melt/ Amazing what a low cost Portfolio ETF ($VGRO in this case) can do in retirement when markets cooperate. No need to over complicate. 🤓 No need to generate excessive cash flows. 💰💰💰 No need to pay higher product fees to have managers send your money back in the form of distributions. 💸 No worries about ‘share count’. 🧮 No concerns about market timing. 📈📉📈 Just a planned systematic monthly sell/trim and withdrawal to hit the annual pre-planned withdrawal target (8%). 🎯 Markets won’t always be so accommodating but it’s likely our plans, portfolios and decisions don’t need to be so complicating either. 💡 Just more proof that simple can work. And a good reminder that all plans need to be revisited every once in a while. Do what’s best for you. 👍
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36 Comments
Le Corb@lecorb · 19d
@etf.go are you melting down your RRSP now given you stopped employment income and have the opportunity before CPP/OAS kick in? My wife has taken her first RRSP withdrawal last year, a nervous little 2.5% withdrawal…😂. This year will be 5%. The goal is to melt her’s down by 70 and then we will melt down mine over the next 15 years while income splitting it.
Dividending @dividending · 20d
This illustrates that the good fortune of being on the right side of a sequence of returns scenario is, well, fortunate, but the planner was prudent & the result was unknown.
J E J@kingdolla · 20d
I plan to use a *GRO when converting to my retirement income portfolio.
Michael Conroy@conroy119 · 19d
This is a great example of how Basically any strategy has worked the past 4 years in an epic bull market. Or one single sequence of return. Boomer portfolios are mooning.
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