Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Pension Payout

VladtheImpaler · 03-19-2011, 11:18 AM

I'm by no means an expert, but if your income is going to be lower when you retire, you should move the money straight into an RSP and defer the tax hit. Of course, you may have a compelling reason to cash out now, such as a $15K credit card debt at 21%.

03-19-2011, 11:18 AM	#16
VladtheImpaler Franchise Player Join Date: Jun 2008 Location: Calgary Exp:	I'm by no means an expert, but if your income is going to be lower when you retire, you should move the money straight into an RSP and defer the tax hit. Of course, you may have a compelling reason to cash out now, such as a $15K credit card debt at 21%. __________________ Cordially as always, Vlad the Impaler Please check out http://forum.calgarypuck.com/showthr...94#post3726494