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Markets Dip: Seniors Urged to Delay RRIF Withdrawals

6/24/2025

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Summary

Story summary

Stock markets declined in April amid trade war concerns, prompting a promise of 25% lower RRIF withdrawals for 2025.
Recent market rebounds have resulted in unclear government updates regarding the RRIF commitment.
Seniors are encouraged to delay RRIF withdrawals until more definitive guidance is available.
Historical trends show RRIF reductions during economic downturns, notably in 2008 and 2020.
It's advisable for seniors to maintain two years' worth of mandatory withdrawal funds in cash to reduce market risk.

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Story summary

Stock markets declined in April amid trade war concerns, prompting a promise of 25% lower RRIF withdrawals for 2025.
Recent market rebounds have resulted in unclear government updates regarding the RRIF commitment.
Seniors are encouraged to delay RRIF withdrawals until more definitive guidance is available.
Historical trends show RRIF reductions during economic downturns, notably in 2008 and 2020.
It's advisable for seniors to maintain two years' worth of mandatory withdrawal funds in cash to reduce market risk.