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Saving More with an RRSP Why You Need One Past Age 71

Welcome to Pyramine Investments' series on financial strategies for a wealthy retirement in Canada. This video explores the benefits of continuing RRSP contributions even after age 71, revealing how you can still utilize RRSPs for significant tax savings during retirement. What You'll Learn: 🔄 RRSP Contributions After 71: Discover how making RRSP contributions after converting to an RRIF or annuity can reduce your taxable income and the taxes due on withdrawals. 📉 Lowering Tax Brackets: Understand how additional RRSP contributions can lower your tax bracket, saving you money. 📊 Tax Deferred Growth: Learn about the continuing benefits of tax-deferred growth within your RRSP and how it impacts your RRIF withdrawals. 💡 Strategic Financial Planning: Get insights into planning RRSP contributions to maximize your retirement finances effectively. Continuing to contribute to your RRSP after age 71 can be a strategic move to reduce your annual tax burden significantly and enhance your retirement income. This approach keeps more of your money working for you in a tax-advantaged environment. =============================================================================== ✅ Connect With Pyramine Investments: Explore Advanced Retirement Strategies: https://pyramineinvestment.com Follow Us for More Retirement Tips on Instagram:   / pyramineinvestment   Join Our Financial Insights Community on Facebook:   / pyramineinvestment   👍 Ready to maximize your retirement savings with smart tax strategies? Hit the like button, subscribe to our channel, and turn on notifications for more expert advice from Pyramine! #RRSP #RetirementPlanning #TaxSavings #PyramineInvestment #FinancialAdvice