Serbinski Accounting Firms

Thanks again, Nelsona. I hate to ask this, because you have been so helpful already, but, could you briefly explain why alternating withdrawals between my RRSP and the IRA would be to my advantage? As well, it looks as if I am going to have $50,000 in income this year in exchange for executor duties...

My RRSP is 800K and my IRA is 300K, and we have no Roths, if that helps. All in my name except 30K of the RRSPs which is in my wifes name. Thank you very much for your help in this matter.

Hello: I have recently retired here in Canada with both an IRA and RRSP. I am 67 years old, while my wife is 65. I am a Canadian and not a US citizen. I have no taxable account funds to speak of, and only CPP for me and my wife for other income. My question is, if I need to withdraw $65,000 per year...