Converting your savings to income

From GetSmarterAboutMoney.ca

Comments By Ivon T Hughes
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The GetSmarterAboutMoney.ca article says, you have annuities or RRIF's to choose from for your RRSP money.

The annuity guarantees you, and spouse if included, an income for the rest of your life or lives. Once you commence receiving the payments, that is all you have to do.

With a RRIF you have to stay up to date with all that's going on in the stock market, interest rate market and perhaps, the investment market.

The choice is yours.

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Ivon T Hughes

About the Author

Ivon T. Hughes

Ivon T Hughes is a leading expert in life annuities in Canada. His website LifeAnnuities.com is a recognized authority on annuities. He's also an established insurance and investment broker, through The Hughes Trustco Group since 1972. Recently, he's been redefining how annuities are sold in Canada.

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