Defuse the RRSP tax bomb. Here's the meltdown plan.
At 71 your RRSP converts to a RRIF and the minimum withdrawals climb every year. Optiml builds the year-by-year meltdown plan for your specific situation, before you get there.
140,000+ retirement plans run · 4.8 / 5 · PIPEDA compliant · Canadian data storage
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RRSP meltdown optimized
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RRIF minimums modelled
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OAS clawback avoided
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Lifetime tax minimized
As seen in: Globe and Mail · Financial Post · Invest Nova Scotia · fintech.ca · Moolala Podcast
140,000+ plans run
4.8 / 5 rating
BBB A+
PIPEDA compliant
Two ways to handle the RRIF deadline
RRIF on autopilot. Or your meltdown plan, before 71.
RRIF on autopilot
STATUS QUO
Climbing
minimum withdrawal every year
- RRSP converts to a RRIF by Dec 31 of the year you turn 71
- Mandatory minimum starts around 5.4% and climbs every birthday
- Large RRIF balances can push income above the OAS clawback threshold
- Whatever's left at death is taxed as income in one final return
- The schedule is set by the CRA, not by your plan
Optiml meltdown plan
BUILT FOR YOU
3 to 15%
illustrative lifetime-tax range
- RRSP balance drawn down earlier, in lower-bracket years
- Surplus moved into TFSA first, then non-registered investments
- OAS, CPP, pension splitting, and bracket caps modelled together
- Re-optimized any time your situation changes
- You see why each dollar is moved, not just the final number
Illustrative example. Your results are unique.
See exactly when and how to melt down your RRSP.
14-day free trial on every Optiml tier. Plans from $9.99 / month. Cancel anytime in-app.
14-day free trial. Cancel anytime in-app.
14-day free trial. Cancel anytime in-app.