{"id":57715,"date":"2019-01-24T23:47:00","date_gmt":"2019-01-24T23:47:00","guid":{"rendered":""},"modified":"2024-01-03T09:53:25","modified_gmt":"2024-01-03T14:53:25","slug":"skiing-spending-the-kids-inheritance-and-other-ways-to-manage-what-you-leave-behind","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/skiing-spending-the-kids-inheritance-and-other-ways-to-manage-what-you-leave-behind\/","title":{"rendered":"SKI&#8217;Ing &#8211; Spending the Kid&#8217;s Inheritance and Other Ways to Manage What You Leave Behind"},"content":{"rendered":"<div class=\"wp-block-rbc-single-article-header\">\n\t<section class=\"section-grey cover pad-t-hlf\">\n\t\t<div class=\"section-inner w-half w-mob-full centered-margin cover section-grey pad-tb-0\">\n\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/travel-tips\/\">\n\t\t\t\t\t\t\t<span>Travel Tips<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<h1 class=\"mar-b-hlf mar-t-0 mob-pad-lr-hlf h2 has-black-color\">SKI&#8217;Ing &#8211; Spending the Kid&#8217;s Inheritance and Other Ways to Manage What You Leave Behind<\/h1><p class=\"mar-b-0 mob-pad-lr-hlf author-text\">By RBC<\/p>\t\t\t\t\t<div class=\"featured-image-wrapper pos-rel\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"930\" height=\"620\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/retirement-article-Thumbnail-default_402x-2.jpg?quality=80\" class=\" cover-image  wp-post-image\" alt=\"\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/retirement-article-Thumbnail-default_402x-2.jpg 930w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/retirement-article-Thumbnail-default_402x-2.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/retirement-article-Thumbnail-default_402x-2.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 930px) 100vw, 930px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t<\/section>\n\t<div class=\"article mar-t-dbl\">\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner socials-section\">\n\t\t\t\t<div class=\"top-socials-bar mob-mar-b-hlf\">    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=SKI&#8217;Ing &#8211; Spending the Kid&#8217;s Inheritance and Other Ways to Manage What You Leave Behind &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/skiing-spending-the-kids-inheritance-and-other-ways-to-manage-what-you-leave-behind\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/skiing-spending-the-kids-inheritance-and-other-ways-to-manage-what-you-leave-behind\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  <\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner w-half w-mob-full centered-margin pad-tb-0 mob-mar-t-hlf mob-mar-b\">\n\t\t\t\t<p class=\"cover-pub-line text-xs mar-b-hlf\">Published January 24, 2019 \u2022 6 Min Read<\/p>\t\t\t<\/div>\n\t\t<\/section>\n\t<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner w-half w-mob-full\" style=\"border-radius:0x\">\n<p>Have you thought about the <a id=\"investments-article-link-1\" href=\"https:\/\/www.rbcroyalbank.com\/investments\/investment-advice\/legacy-retirement-planning.html?utm_source=Discover-Learn&amp;utm_medium=referral&amp;utm_campaign=dl-196269\">legacy you&#8217;ll leave behind<\/a>? Maybe you&#8217;ve earmarked money or property to pass along to your children, or a charity that&#8217;s close to your heart. Whatever you&#8217;re thinking of leaving, there is no one way \u2013 or right way \u2013 to handle it. What you do with your money, real estate, artwork or that cherished porcelain doll collection depends on your personal goals, what you want to provide for your children or grandchildren, how you want to support charities that matter to you and how taxes might play a role.<\/p>\n\n\n\n<p>While there are countless ways you can plan what you leave behind and how you leave it, here are three approaches worth considering.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">1. SKIing &#8211; Spending the Kid&#8217;s Inheritance<\/h2>\n\n\n\n<p>Given there&#8217;s an actual term for spending the kid&#8217;s inheritance (SKIing), you know someone else is doing it. In fact, more retirees than ever are spending their kids&#8217; inheritance \u2013 whether motivated by practical reasons or a well-deserved desire to live their best lives with the money they&#8217;ve worked hard to save. Is this something that you have been thinking about?<\/p>\n\n\n\n<p>If you&#8217;re healthy, fit and ambitious, there&#8217;s nothing wrong with using your money to have fun, tackle a new challenge, or build up your legacy. Many retirees are SKIing to fund lifelong dreams or new passions, including:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"is-style-default default\"><strong>Travel and adventure.<\/strong>\u00a0Maybe there\u2019s a city, country or landmark you\u2019ve always wanted to visit. Maybe some friends are taking a cruise or you\u2019d love to move down to Florida for part of the year to escape the Canadian winter.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Starting a business.<\/strong>\u00a0Always dreamed of opening your own business? Many retirees take this time in their lives to explore their entrepreneurial side.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>You may have other things you want to achieve (maybe climb Kilimanjaro or visit Angkor Wat?) or you simply want to <a id=\"investments-article-link-2\" href=\"https:\/\/www.rbcfinancialplanning.com\/time-in-retirement.html?utm_source=Discover-Learn&amp;utm_medium=referral&amp;utm_campaign=dl-196269\">enjoy your money while you&#8217;re able to<\/a>. Whatever&#8217;s driving you, it&#8217;s your choice.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. Leave Your Money (and Headaches) behind in a Will<\/h3>\n\n\n\n<p>Undoubtedly the most traditional way of leaving an inheritance, a will lets you outline exactly how, when and to whom you want to leave your assets. There are some perks to this approach.<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"is-style-default default\">Don\u2019t want to deal with questions about how much you\u2019re leaving and who\u2019s getting what?\u00a0<a href=\"https:\/\/www.rbcfinancialplanning.com\/estate-planning-will.html?utm_source=Discover-Learn&amp;utm_medium=referral&amp;utm_campaign=dl-196269\">Putting all the details in a will<\/a>\u00a0lets you bypass conversations you may not want to have now. Let them deal with it later!<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>It can help sidestep a tug of war over the piano or grandma\u2019s sapphire ring. When everything is laid out clearly and unconditionally in a will, this kind of conflict between family members can be avoided. Just remember, clarity is key!<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>If you\u2019re not sure\u00a0<a href=\"https:\/\/www.rbcroyalbank.com\/investments\/investment-advice\/retirement-financial-health.html?utm_source=Discover-Learn&amp;utm_medium=referral&amp;utm_campaign=dl-196269\">how much you need to live out the retirement<\/a>\u00a0of your dreams, keeping your money and assets in your name will help you manage your lifestyle without impacting your future. You never know how long your retirement is going to last!<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Not sure how your kids will handle a large sum of money? You can set up a trust that gives them access to your assets once they reach a certain age or meet other conditions, giving you the peace of mind that they will be ready to make the most of their inheritance.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">3. Give It Away While Your Kids Can Still Thank You<\/h3>\n\n\n\n<p>If you have money squirreled away that you never intend on touching, chances are you&#8217;re paying tax on it \u2013 and quite possibly at a high rate. But, if you gift the money to your kids or grandkids now, they may pay a smaller amount of tax on those same funds \u2013 and less tax means more money to go around.<\/p>\n\n\n\n<p>There are also some emotional benefits that come with <a id=\"investments-article-link-5\" href=\"https:\/\/www.rbcroyalbank.com\/investments\/investment-advice\/legacy-retirement-planning.html?utm_source=Discover-Learn&amp;utm_medium=referral&amp;utm_campaign=dl-196269\">gifting money and property<\/a> now versus later. But like everything, there are some challenges too. Here are a few things to keep in mind:<\/p>\n\n\n\n<p>On the tax and practical side of things\u2026<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"is-style-default default\">There is no gift tax in Canada, so taking money out of your TFSA or savings accounts to give to your kids can be done tax-free<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>If you&#8217;re thinking about giving property as a gift, Capital Gains tax comes into play \u2013 whether the property has gone up in value in the years since you&#8217;ve owned it, or it&#8217;s expected to rise once you gift it. It&#8217;s a good idea to speak with a tax expert if you&#8217;re thinking about gifting real estate so no one is surprised by a hefty tax bill down the road<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>You can help your children pay down debt \u2013 such as a mortgage or student loan<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>On the emotional side of things\u2026<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"is-style-default default\">By gifting assets now, you can see the benefit of your gift first hand \u2013 whether it&#8217;s to help buy a first home, send a grandchild to college or university, help your kids launch a business, or realize another goal that&#8217;s important to them.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>You could treat your child or grandchild to a special experience they otherwise wouldn&#8217;t be able to have \u2013 like a month-long trip to Europe after graduation, or a kitchen reno.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">What&#8217;s the best way to handle what you leave behind? Ask yourself three questions.<\/h4>\n\n\n\n<p>Naturally everyone&#8217;s situation is different, so to figure out what&#8217;s right for you and your family, start by asking yourself these questions:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"is-style-default default\">What have you always wanted to do, but never had the freedom\/money\/time to make happen? Perhaps there&#8217;s a place you&#8217;ve dreamed of seeing or a challenge that remains unmet. If you&#8217;ve got unchecked boxes, think about how you could get things done.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Are their opportunities you could give your children? Consider the joy of being there to help them buy a home, treat them to something extraordinary, pay off student debt, or help build a secure financial future for their own families.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Do you have a good handle on how much you need for your retirement? If you&#8217;re not sure how to balance what you need and what you can leave, you may be better off to hold on to your money for now.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>Whether you choose to SKI, gift assets or you prefer to hold money back for the kids, managing what you leave behind can be done a few different ways \u2013 and the path that you <a id=\"investments-article-link-6\" href=\"https:\/\/www.rbcroyalbank.com\/retirement\/saving-planning\/things-to-consider.html?utm_source=Discover-Learn&amp;utm_medium=referral&amp;utm_campaign=dl-196269\">choose depends on your personal, financial and family situation<\/a>. There&#8217;s no right way, and there should be no pressure to choose one direction or another. Your life, your money!<\/p>\n\n\n\n<div class=\"wp-block-columns has-border-color has-rbc-bright-blue-tint-1-border-color has-white-color has-rbc-bright-blue-tint-1-background-color has-text-color has-background is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\" style=\"border-width:1px\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"has-white-color has-text-color\">Want to learn more? Visit our <a href=\"https:\/\/www.rbcroyalbank.com\/retirement\/index.html?utm_source=Discover-Learn&amp;utm_medium=referral&amp;utm_campaign=dl-196269\" id=\"investments-article-cta\">Retirement Hub<\/a> or speak with one of our RBC advisors who can discuss your options with you.<\/p>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide wide\" \/>\n\n\n\n<p><sup>1<\/sup> &#8211; FTadviser.com, January 2018<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse834a1009\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse834a1009\" data-dig-id=\"LP-57738-834a1009\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things our lawyers want you to know\"><span>Things our lawyers want you to know<\/span><span>Things our lawyers want you to know<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse834a1009\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-85b1ae6c-87ab-4ab6-854e-79b90c3a8ba1\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"has-text-align-center h5 mar-b\"><strong>Share This Article<\/strong><\/p>\n\n\n\n\t\t<div class=\"socials-block\">\n\t\t\t    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=SKI&#8217;Ing &#8211; Spending the Kid&#8217;s Inheritance and Other Ways to Manage What You Leave Behind &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/skiing-spending-the-kids-inheritance-and-other-ways-to-manage-what-you-leave-behind\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/skiing-spending-the-kids-inheritance-and-other-ways-to-manage-what-you-leave-behind\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  \t\t<\/div>\n\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-8d4b1c2b-4f97-486d-a7f1-0da5db92b665\" aria-hidden=\"true\"><\/div>\n\t\n\n\n\t\t\t<div class=\"wp-block-rbc-single-post-topics related-topics-links\">\n\t\t\t\t<p class=\"h5 mar-r-hlf\">Topics:<\/p>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/parenting\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Parenting<\/a>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/travel-tips\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Travel Tips<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel mob-pad-t-dbl\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading mar-b mob-mar-b-dbl mar-t-0\" id=\"h-read-this-next\">Read This Next<\/h2>\n\n\n\t\t\t<div class=\"related-posts-type-2\">\n\t\t\t\t<div class=\"related-post-list\">\n\t\t\t\t\t<ul class=\"grid-wpr eh-wpr\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"930\" height=\"620\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-617-1.jpg?quality=80&amp;w=930\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-617-1.jpg 930w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-617-1.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-617-1.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 930px) 100vw, 930px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/planning-for-retirement\/\">\n\t\t\t\t\t\tPlanning for Retirement\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/planning-for-retirement\/where-will-you-live-in-retirement-four-things-to-consider-when-aging-in-place\/\" class=\"card-title h4 mar-t-0\">Where Will You Live in Retirement? Four Things to Consider When Aging in Place<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/04\/EMMA-fed-budget.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Wood blocks spelling out 2024 with miniature houses on top\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/04\/EMMA-fed-budget.jpg 4553w, 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behind.<\/p>\n","protected":false},"author":10,"featured_media":66695,"parent":57301,"menu_order":0,"template":"","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"tags":[38,121],"rbc_content_type":[31],"rbc_audience":[93],"rbc_lob_group":[71],"rbc_difficulty_level":[33],"rbc_mmm_category":[303,352,313,354],"class_list":["post-57715","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","has-post-thumbnail","hentry","tag-parenting","tag-travel-tips","rbc_content_type-article","rbc_audience-seniors","rbc_lob_group-investments","rbc_difficulty_level-beginner","rbc_mmm_category-goals-aspirations","rbc_mmm_category-planning-for-retirement","rbc_mmm_category-retirement","rbc_mmm_category-will-and-estate-planning"],"acf":{"contently_publication_id":"196269","custom_author":"RBC","rbc_video_header":"","rbc_media_duration":"","rbc_toc_for_mmm_tag":"h2","rbc_toc_for_mmm_limit":6,"rbc_toc_for_mmm":null,"rbc_toc_for_mmm_action":""},"yoast_head":"<!-- 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