RE:RE:RE:RE:RE:RSP's2020oilgamble wrote: Ya...truth that.
I withdrew all my Rsp's during my business startup and paid off the mortgage (was debt free before 40)....
But the separation.... Well she took half the house I owned before marriage
So that's my live and learn...
Starting over ....rsp was zero. Lost 1/2 house....ya
TimeBuilder wrote: 2020oilgamble - Note: RSP depends on age (agree) & the taxable income NOW & in future years. We got burned a little by Maxing RRSP donations during our HIGH income years & forgetting to withdraw enough/small amounts during our lower taxable income retirement years after being fully retired @ age 46... We live & learn every day. ;>O Cheers, TimeBuilder PS: CDN Div/Dist/Cap Gains keeps us on the right track & Not a trader but Buy & Hold with a few spec plays! May trim along the way to run with free shares to cover all costs. :>))
Same thing happened to me and many other men. The "matrimonial home" is divided in half even if it is yours before the marriage in the event of divorce. You can always try to fight it if it was a short live marriage but it costs a fortune in legal fees and there is no guarantee of success. Also a live and learn...