Antoine de Saint-Exupéry
Manulife goals-based investing - A program that focuses on the retirement stage of life.
Please contact me for further information on this exciting new program. Let's plan for the "What If's" in life.
An RRSP is a retirement savings plan that you establish, that is registered with the Canada Revenue Agency, and to which you or your spouse or common-law partner contribute. Deductible RRSP contributions can be used to reduce your tax.
Any income you earn in the RRSP is usually exempt from tax as long as the funds remain in the plan; you generally have to pay tax when you receive payments from the plan.
To learn all the facts, please contact us.
The new retirement reality. For years, the baby boom generation has been exerting influence on our culture, politics and the economy. Read more.
The good news is that Canadian life expectancy is rising. Modern science and healthy living have resulted in the average life expectancy reaching over 85. However, the longer you live, the greater risk of outliving your retirement savings. It’s no wonder that recent statistics are indicating that more than 60 percent of Canadians are worried about having enough money to see them through retirement. Click here to learn more.
A RRIF is a fund you establish with a carrier and that is registered with the Canada Revenue Agency. You transfer property to the carrier from an RRSP, RPP, or from another RRIF, and the carrier makes payments to you. Establishing a RRIF can be done at anytime, but must be done no later than the year the annuitant turns 71. Once a RRIF is established, there can be no more contributions made to the plan nor can the plan be terminated except through death.
You can have more than one RRIF and you can have self-directed RRIFs. The rules that apply to self-directed RRIFs are generally the same as those for RRSPs.
For more information, please contact us.
Getting ready to retire? Click here to access a worksheet that can help you determine how your finances today will compare to your finances after you've retired.
Click here to see a calculator that helps you determine the amount of retirement income you can receive from your RRIF, LIF or LRIF plan.
Click here to learn more.
Winter 2020 / 2021