We’re set for life. Should we cash out an RRSP?

When a couple already has enough to be comfortable for life, the question of whether to cash out an RRSP stops being a simple math problem and becomes something more personal. This piece works through the case of retirees with pension income who wonder whether to draw the account down early, partly out of worry about what happens if one of them dies first. The honest finding is that there is no clean winning answer. The premise itself gets challenged, since an RRSP can pass to a surviving spouse without immediate tax, so the real concern is more about clawbacks and how much money compounds where. With the numbers landing close, the advice turns to priorities: decide whether you most care about minimizing tax, leaving a legacy, or spending freely on travel and memories while you can, then let that choice steer the plan.