We are a couple that are in our middle 70's. We take our RRIF payouts every year for each of us. The question here is to supplement our life style should we take the very minimum RRIF payout or more? We also both have TFSA which we paid the upper limit into until a couple of years ago. We have no pension plans other than OAS & CPP. We feel we live a very comfortable life and lack for nothing. We do want to keep our income taxes as low as possible. I was told that we should reduce our RRIF first. My thinking that since RRIF payments are income we have to include in our taxes that it puts us into a higher tax bracket where TFSA does not have to be included. Am I thinking right or am I missing something? Thanks!