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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...


When to trigger your retirement income streams

Making the pension decision is not so cut-and-dried The big question most retirees ask is whether they’ll outlive their money. As you age, healthcare costs rise, and the question of long-term care can become a problem. Will you be able to afford to stay in your...


Where will your retirement income come from?

Start planning now so you don’t outlive your nest egg The retirement planning conundrum never seems to change. It just gets more complicated. Ensuring sufficient income for retirement is now on the radar for every so-called Gen-Xer, and increasingly for Millennials...


Locked-in retirement plans not easy to break

Provincial regulations vary across Canada When you leave an employer, any pension money in a registered plan will be transferred to a Locked-In Retirement Account (LIRA), or Locked-In Retirement Savings Plan (LRSP). Those funds are “locked in” and not available for...


Creating a retirement income stream to 100

Annuities are just one tool in your arsenal One of the first questions many of my high net worth clients ask me is whether they’ll outlive their money. Now, if someone comes to you with $500,000 to $1 million to manage, you’d think they’d be feeling pretty...


Mortgaging your retirement?

Locked-in retirement plans can hold a mortgage…but should they? If you roll over your pension into a self-directed locked-in retirement savings plan, you can invest the funds in pretty much the same qualified investments as in an RRSP. In some provinces, the list...

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