A RRSP meltdown is a strategic approach to drawing down your Registered Retirement Savings Plan (RRSP) or RRIF early. The objective is to smooth out withdrawals over a longer period to avoid being pushed into the highest tax brackets later in life or leaving a massive, heavily-taxed estate at death.
Ideal For: Canadians with significant RRSP balances who wish to minimize lifetime taxation and protect their Old Age Security (OAS) from clawbacks.