twa2w wrote:You don't have to set up the RIFs before age 71 to use your spouses age.
Realize that, but wanted to begin drawing funds from both of our accounts early for tax reasons.
I don't understand. You can start drawing down an RRSP any time, without having to convert to an RRIF or worry about minimum amounts or your (or your spouse's) age.
Is it because most banks/brokerages waive their fee if you withdraw the minimum from an RRIF but not an RRSP?
Some banks charge less/no fees on RRIF withdrawals.
There's no tax (immediately) payable on the min reqd RRIF withdrawal - but tax is payable on all RRSP withdrawals.