Nothing free my friends. What can you make safely 1% month 1.5% 2% so what the work around. Think about what banks want is your money or ability to lend you money so feed their greed. Instead opening a cheque account open an Unsecured Line of Credit or Secured Line of Credit. How’s that help? Why? You get free cheques not pay for book then run it into a positive. $20,000 most people can get so if you got a $500 bill can’t use a credit card put say Hydro Bill $500 into and have $20,500 pay bill still have room. I always had the HELOC but if sell your home you lose secured but still have unsecured. Just like credit card use it once in awhile keep account active. So think about it what opportunity cost of tie up $5000

These deregistration fees are administrative charges paid directly to the financial institution just for processing the withdrawal. *** They are completely separate from the mandatory government withholding taxes you pay when cashing out. *** I get asked all the time this questions by friends, family and my friend @Peter Eckstein in this group. Here is how the partial and full deregistration fees stack up across the major Canadian banks and brokerages: RRSP Deregistration Fees by Institution BUT remember always double check !!! BIG question ---> When Can You Withdraw from an RRSP? You can actually withdraw from a standard personal RRSP at any age. There is no minimum age requirement of 55. We took out the last year we both worked from our RRSP distributions which made sense cause of the returns we were going to get so it was nice boost. Then I put 70% of our RRSP portfolios into RRIFs at 58 and 59 and leaving RRSPs open until 71 constantly reinvesting and doing InKind trades to fight inflation. However, the "age 55" rule you are thinking of likely applies to Locked-In Retirement Accounts (LIRAs) or Locked-In RRSPs. If your funds came from a former employer's pension plan, provincial regulations (such as those in Ontario) generally require you to wait until age 55 to unlock them or convert them into a Life Income Fund (LIF) to start making withdrawals. Each Province is different. For a standard RRSP, the only major age milestone you have to manage is 71. By December 31 of the year you turn 71, you are legally required to close the RRSP, typically by converting it into a Registered Retirement Income Fund (RRIF). *** A Quick Reminder on Withholding Tax *** When you pull money from a standard RRSP at any age, the government requires the financial institution to hold back a percentage as a prepayment of your income tax: - 10% on amounts up to $5,000 - 20% on amounts between $5,001 and $15,000 - 30% on amounts over $15,000

Wealthy people understand money is a tool to give you the freedom of time. Others give their time to the system that designed to trap you into tax system, house payments, auto loans and I could go on. I have mentored people for a few years now and some in some groups don’t like my opinions or view points but that is on them why I give more time today to Gary Group as he does not filter people’s words and lets everyone grow and learn. I had to share this question this morning from one of the thirteen people I let into my inner circle and it’s a great question but as a true adaptive income investor I think it’s a cute response to a common question to me. Remember I look at all my ETFs as Chickens Bees and workers for me and I am not loyal to any company, stock or Broker it about my lifestyle…enjoy and I consider this person a good friend today over short time.

When you become an Income Investor it is becoming clear on who you are not expectation of others or what you should do from other people’s opinions on life; or you should all over yourself. Protecting Your Peace: Why Hitting Your 50s and 60s Means Dropping the Anchors and Enjoying the Ride As we cross into our 50s and 60s, the game of life shifts. It is no longer about accumulating more weight, heavier anchors, or more complications. It is about keeping life simple. When you hit the 60s club, you are essentially running the 18th mile of a marathon. The finish line of your peak health years are not ahead, and the absolute priority should be enjoying life before your health dictates otherwise. Too many people—like the "work-worshipping" bosses or those trapped in outdated REITs—refuse to face reality. They do not know when to get out. They stay trapped by their identity, their buildings, and their 8-to-5 grinds, forgetting the universal truth that we cannot take any of it with us. Over-stressing the mind and body after 50 is a fast track to aging why do some look like 80 when they are 60? Stress! IMO True wealth in retirement is not about owning a massive business that owns you; it is about protecting your peace. If you want to keep busy, do it on your own terms. Fix small motors for cash, Build a YouTube channel slowly, purely for enjoyment, while refusing to get sucked into the toxic trap of chasing subscribers, likes, and constant content demands. Do not let yourself get caught up in the 40-something mindset of "look at my identity." Having a clear Statement of Faith or clear personal boundaries is beautiful because it ensures everyone is on the same page. It is about mutual respect, protecting families, and keeping spaces sacred, free from the chaotic political and social theater we see in the media. As an independent income investor, you have the ultimate power: the freedom to walk away from any business, any worker, and any anchor that weighs you down. Know when to get out, keep it simple, and enjoy the miles you have earned.

This might be some people but not us…. it takes Laurie 5 mins to relax once she brings her chair down to the beach. I still pinch myself 6 Saturdays and 1 Sunday and Everything is better more relaxed and our healths have both improved. We could never accomplish the things we do now and biggest thing we spend less time watching TV exhausted by noise of the world before. Don’t over think it and you don’t need as much as you think. You plan from net up not gross down and play cards right get more benefits. https://youtu.be/y5b-irzMRs8?si=WfoDPN3bffFaznDt