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  5. MISC: I turned 71 this year and I am pulled between GROWTH & DIVIDEND stocks in my RRIF starting in January. [Miscellaneous]

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Q: I turned 71 this year and I am pulled between GROWTH & DIVIDEND stocks in my RRIF starting in January. Am I wrong in thinking that it does not make a difference, if: (I do have growth stocks in my Cash & TFSA accounts).
My Tech & other Growth stocks appreciate by 6% or more and I withdraw 6 % via my RRIF, or
Withdraw 6% of my Dividend stocks? Compounding does work, as I bought $20K of RBC a few years ago @ $112 & is now @ $172. Tried the same with TD which did not work.
Obviously, the idea is to not deplete my assets by the RRIF withdrawals? Am I right in my thinking?

Thanks!
Asked by Austin on November 12, 2024
5i Research Answer:
Growth and dividend stocks will act quite differently at different times. But we would prefer a...
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