Here's the Average RRSP Balance at Age 69 in Canada [Yahoo! Finance Canada]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Yahoo! Finance Canada
It's an important question to ask because age 69 is just two years before mandatory RRIF withdrawals kick in. The RRIF is the instrument through which you withdraw your RRSP funds bit by bit in retirement. You have to start withdrawing from it at age 71, and the amount you have to withdraw increases with each passing year, starting at 5.2%. Because the age of 69 is so close to the mandatory RRIF withdrawal age, it's good to know where you stand in terms of your RRSP balance at that age, as it's a factor in how much income you'll get in retirement. In this article, I will share an estimate of the average RRSP balance at age 69 and attempt to determine whether it's enough to retire on. $112,000 or less The average RRSP balance for a single 69-year-old Canadian is likely $112,000 or less. I wasn't able to find exact data for the age of 69, but data for the 65-and-older bracket is available. We can use that to estimate the balance at 69. The average RRSP balance in the 65 and up
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MELI
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- 11/6/24 - Miss
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- 12/2/24 - Form 4
- 11/27/24 - Form 144
- 11/7/24 - Form 10-Q
- MELI's page on the SEC website