The Editor,
Re. "Fed. budget funds transit and rewards 'rich' seniors" (The Tri-City News, April 24).
I would agree that the changes to the Tax-free Savings Account contribution limit will not be helpful to those of us struggling under ever-increasing taxation on limited retirement incomes. But I strongly disagree that the RRIF limit changes are directed only at "rich" seniors.
The original RRIF rules were set up at a time when interest rate earnings were much higher and this situation badly needed reforming for all seniors who took lump-sum retirement rather than a pension.
Maggie Fankboner, Coquitlam
