Reporting RRSP with Form 8938 and FBAR

Hi,

 

I hope that someone can help us.

 

My wife and I are Canadians who now live in Florida since 2006. We have both Canada and US Citizenship. After talking with some friends, it turns out that we need to declare any bank accounts that have more than $10,000 combined to the IRS and Department of the Treasury. We thought that this was only valid for foreign bank accounts but it looks like that this is also applicable to RRSPs as well. We do have RRSPs in Canada (more than $150,000 USD) that we need to declare and file. Those RRSPs are for retirement and we are not getting ANY distribution and not making ANY contributions whatsoever so basically, we do not have any income from our RRSPs.
 
How should we fill out the Form 8938 and FBAR? Should we fill the form 8938 with our 2024 Tax Return and then fill out the past 6 years with the FBAR? (After reading on FBAR, no need to fill out older than 6 years)
 
Thank you.