Have you lived and worked in the U.S. and Canada and are now approaching retirement? In this video, we review a situation in which a couple has lived and worked in both Canada and the U.S. for 20 years and has accumulated $300k in RRSPs and $700k in 401(k)s. We discuss:
- How much should they expect to collect in fixed-income benefits in both countries
- How much they can safely withdraw from their retirement accounts
- Tax ramifications
- Their after-tax retirement income (paycheck)
View the video below:
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