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The 4% Rule Just Dropped to 3.9% — But Your RRIF Doesn't Care

  Published August 5, 2026 Morningstar's newest research says retirees can safely start withdrawing 3.9% a year. Ottawa's RRIF rules don't ask what's "safe" — they just tell you how much to take out, whether the math agrees or not. For years, the shortcut retirees leaned on was simple: take out 4% of your portfolio in your first year of retirement, bump it up with inflation every year after, and your savings should last three decades. Morningstar's 2026 State of Retirement Income report just trimmed that number to 3.9%. On its own, that's a small adjustment. On a $500,000 portfolio, it's the difference between withdrawing $19,500 or $20,000 in year one. But for Canadians, the number that actually controls the withdrawal isn't Morningstar's — it's the Canada Revenue Agency's. And once your RRSP becomes a Registered Retirement Income Fund, the CRA's required minimum can blow right past whatever a "safe" withdrawal rate i...
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Passover 2025: A Celebration of Resilience Amid Challenges

Passover, known as Pesach in Hebrew, is one of the most widely observed Jewish holidays, commemorating the exodus of the ancient Israelites from slavery in Egypt. This year, Passover begins at sunset on Saturday, April 12, and ends after nightfall on Sunday, April 20. It is a time for family reunions, storytelling, and reflection on themes of freedom and resilience.

However, the celebrations this year are shadowed by ongoing anxieties and divisions within Jewish communities. The unresolved Israel-Hamas conflict continues to weigh heavily, with many Seder tables symbolically leaving empty seats for those lost or held hostage. Additionally, the specter of antisemitism looms large, with reports of increased incidents in various countries, including the United States and Canada. Security advisories have been issued to Jewish organizations, highlighting potential threats during this sacred time.

Despite these challenges, Passover remains a beacon of hope and unity. It serves as a reminder of the resilience and strength of the Jewish people, who have faced adversity throughout history and emerged stronger. This year, as families gather to recount the story of the Exodus, the holiday's message of liberation and perseverance resonates more deeply than ever.



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