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Tread carefully with Locked-In Retirement Accounts

Funds are not available until retirement If you’ve recently left a job that included a pension plan, you may be offered an opportunity to transfer your plan to a Locked-In Retirement Account (LIRA). This is a government registered plan in which your funds grow...

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LIRAs are truly locked up

These accounts are designed for pension income When you leave an employer where you had a pension plan, the funds in the plan are transferred to a Locked-In Retirement Account. At times they may also be transferred into a locked-in RRSP. Essentially, these are a...

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