Moving money from RRSPs, RRIFs and TFSAs in retirement

Irene wants to know whether to move money out of her registered retirement accounts and into a TFSA before the year she turns 71, partly to keep funds accessible in case her husband needs nursing home care later. Allan looks at whether that shuffle is worth the tax it triggers, and his read is that it often is not. Pulling money out of an RRSP or RRIF to feed a TFSA creates a tax bill in the moment, and when the household's marginal rate is already modest, there is little to gain from rushing. He does highlight one real advantage of the TFSA: money withdrawn can be put back the following year, which makes it a more flexible reserve than a RRIF for unexpected costs. The piece is a grounded look for retirees weighing liquidity, tax and contribution room when deciding whether to reposition registered savings.