Stay at Home Parent + RRSP Withdrawal
My wife is a stay at home parent with our young kids. Before she stopped working a few years ago, she had accumulated some savings in an RRSP. We are thinking about buying an investment property and I was wondering if there is any downside to withdrawing some of her RRSP money to use for the investment.
Note she has no other income right now. Just want to assess the pros and (mainly) cons of doing this. Thanks.