What’s more important: your wealth or your legacy?

A 77-year-old asks a question that sounds technical but is really about values: should he draw more than the minimum from his RRIF and LIF, pay some tax now, and move the money into a TFSA so more lands in his son's hands later? Allan treats it as a trade-off rather than a clear winner. Pulling registered money out early triggers tax, but parking it in a TFSA means it grows and eventually passes to an heir without the tax bite that registered accounts carry at death. The plan he sketches fills unused TFSA room gradually while keeping income under the level where OAS starts getting clawed back. It is a thoughtful read for retirees with money they likely will not spend, who are quietly deciding whether their priority is their own flexibility or what they leave behind.