Question:
How do I delay RRIF withdrawals to age 71 in the program?
Answer:
On the Options page, select "Start Withdrawals of Registered Investments" and the program will defer the RRIF withdrawals as long as possible.
Please note that if funds are not sufficient to meet the retirement income goal, then the RRIF will be opened before age 71 in order to meet the income goal. So if non-registered (or TFSAs) are not sufficient, reducing the goal will facilitate the deferment of the RRSP to the latest age.
As well, ensure you select 'Use Investment Earnings and Capital' for 'Use of Non-Registered Assets After Retirement' on the same page.
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