Rob Carrick has written another helpful article on prescribed annuities, this time specifically on non-registered annuities.
Yes, it’s come time to make up your mind on whether you want your retirement savings to be both guaranteed and remunerative, while paying less taxes.
A non-registered annuity increases your monthly income and reduces your income tax on that capital. If you are concerned about market volatility and low interest rates which could guarantee losing not only capital but income,then this is the way to go. Rob introduces several examples but as usual, you need to get your own figures to see if this product is for you and your family.
— Ivon T Hughes (@LifeAnnuities) August 1, 2016