Can You Use Funds from a Tax-Free Savings Account to Buy a Life Annuity?
The Tax-Free Savings Account (TFSA) is a popular savings vehicle in Canada that allows individuals to earn investment growth on[…]
Read moreThe Tax-Free Savings Account (TFSA) is a popular savings vehicle in Canada that allows individuals to earn investment growth on[…]
Read moreAn annuity is a financial product that provides a guaranteed income stream for a set period of time or the[…]
Read moreThere are two main choices in planning your retirement: a Life Annuity or a Registered Retirement Income Fund (RRIF) With[…]
Read morePeople are living longer. Half of men reaching 65 can expect to live to age 85 or longer and half[…]
Read moreAn interesting article from Sun Life explaining the virtue of a life annuity as guaranteed income. But there should be no[…]
Read moreMost people today envision a comfortable style of living once they have retired. But the generation of workers that built[…]
Read moreRRIF: Changes to the RRIF minimum withdrawal amounts are designed to let you preserve more of your retirement savings and[…]
Read moreMy comments on “Saving enough isn’t the only worry in retirement” by Craig Sebastiano | May 15, 2014 from Benefits Canada. This[…]
Read moreMy comments on a recent article in the Toronto Star “How living longer can hurt your retirement planning” by Moshe A.[…]
Read moreMy comments on “Should your life expectancy be part of your financial planning?” by Garry Marr of the Financial Post. From[…]
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