Big RRSP? Above This Mathematical Threshold Could Be Too Big

Start your retirement plan! https://adviice.ca/?utm_source=youtube&utm_medium=video&utm_campaign=rrsp-math-threshold Don't have a detailed retirement plan yet? Start your retirement plan for just $9. This includes a comprehensive 30-day email/video course + community for support + semi-month retirement planning webinars. Join us! --- Enter your email here to get the table with RRSP thresholds... https://adviice.kit.com/c2a9310a4c --- How big is too big when it comes to your RRSP? Having a big RRSP is definitely a good problem to have, but it can be a problem nonetheless. In this video, we're going to show you exactly how much might be too much in your RRSP account. When your RRSP gets too big, you risk crossing into higher marginal tax rates or even OAS clawbacks in retirement. Those OAS clawbacks, that 15% clawback on your OAS benefit, can easily push your marginal effective tax rate into the 50% plus range in retirement. In this video, we want to put some hard numbers behind what is too big for an RRSP account. We're going to use some fancy math and we're going to work backwards to figure out what is too big in terms of RRSP balance. --- Disclaimer: This video is for educational purposes only and does not constitute investment advice or financial advice. All information provided is for illustrative purposes only and you should not rely on such information as the primary basis of your investment, financial, or tax planning decisions. Every effort has been made to ensure the accuracy of its contents. No representations, warranties or guarantees are made as to the accuracy of any estimates or calculations provided. Nothing in this material should be construed as investment or tax advice, or a solicitation or offer, or recommendation, to buy or sell any financial product or securities. Before making any financial decision, you should review your situation with a financial planner.