049 | How To Actually Use A Cashflow Wedge In Retirement

On episode 49 of Retirement Unpacked, Paul Grenier and Jon Kutney discuss the Home Buyers' Plan vs. the FHSA and how these tools can be used if you're close to or in retirement, the cashflow wedge (of course), how spousal RRSPs work in retirement, and much more.Later in the episode, Peter Filippakis   joins the show to do a deeper dive into what the cashflow wedge actually is, how much you need to have, and how it actually works in your retirement. Chapters0:00 Intro0:41 Can a money market fund be used as your cashflow wedge?4:18 Home Buyers' Plan vs. FHSA6:51 FHSA rollover into RRSP8:48 Should you apply for OAS if you're going to get clawed back?12:06 Options when repaying Home Buyers' Plan15:34 For a 70/30 portfolio, is the 30% your cashflow wedge?18:18 Should your cashflow wedge be in real or nominal dollars?22:46 Cashflow wedge explained: What it is, how much you need, and how it works31:27 Will the government increase the TFSA limit in the future?34:20 What is it like being a financial planner?41:13 How spousal RRSPs work in retirement45:33 Should we prioritize our RRSP or TFSA?