CRNKY
New member
Any of you guys work in a bank or something similar and could give advice on RRSP? I'm about to receive some money from wife's work and have the choice of cashing out and taking the +-35% tax hit, or put it in RRSP (don't have a penny in there). If I were in my 20's I would start the RRSP, but now I'm much closer to retirement, or death and it sound better taking the cash. I'm not sure what to do, I was taking care of wife for over 2 years, I don't have any income (only getting survivor's benefit since she passed away, which is taxable and everything else I got since are tax free) and I supposed to give them an answer ASAP. It will be a nice chunk of change, but if I have to pay the piper today or tomorrow, I rather get over it and pay today.