A comment on the video. Yes, we have to take out a larger % each year, but nothing says we have to spend it. Spend what you spent last year, and take the excess and max out your TFSA. Put the rest in investments that do not get big tax hits (dividend funds and flow-through funds come to mind). Side advantage, if you do this right and still have money left when you die, your estate will be paying less tax on it than if it were still in the RRSP.
Also, just because we have to transfer the RRSP to a RRIF by 71 doesn't mean we have to wait until then. The minimum is smaller when we are younger - so take it out and get it invested. OAS kicks in at 65, so take the OAS money (you didn't need it at 64, you don't have to spend it at 65) and invest it.
Part of the issue in Canada is that people without work pensions had lots of room to contribute to RRSPs, but didn't. Those of us with pensions had almost no room left for RRSP contributions, but we get insulted because of our "cushy pensions" that we paid for (contributed to instead of having RRSPs) during our working lives. My "cushy pension" is not well indexed, and I am glad I have other sources of income as well that will do better with inflation.
