A new phase of life brings new projects. But retirement is also a much-anticipated time for leisure and relaxation. Make sure you have the means to make the dream come true. See our advice on how to enjoy your retirement with peace of mind.
There are many advantages to establishing a retirement withdrawal plan, and there are many strategies when the time comes to use your savings. But they’re not always straight forward. Here’s an overview from a retirement expert addressing 6 common questions.
An LIF1 is a registered fund that acts as an extension of your locked-in retirement account (LIRA) or supplemental pension plan. Funds transferred to an LIF are sheltered from tax and can be withdrawn to provide retirement income.
You’ve been saving money in a Registered Retirement Savings Plan (RRSP) for a long time now. But one day you’ll have to convert that RRSP to a Registered Retirement Income Fund (RRIF). What are the factors to keep in mind?