When you covert your RRSP to a RRIF, you can elect to use your younger spouse's age for RRIF withdrawals. If your spouse is younger, you can use his/her age for the minimum withdrawal amount. Doing so, can increase your RRIF holdings since you can defer the withdrawal of larger amounts.
Compound Your Growth
When you covert your RRSP to a RRIF, you can elect to use your younger spouse's age for RRIF withdrawals. If your spouse is younger, you can use his/her age for the minimum withdrawal amount. Doing so, can increase your RRIF holdings since you can defer the withdrawal of larger amounts.