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Tag: rrif

RRIF versus life annuity comparison for Canadian retirement income planning

Which Is Better a RRIF or a Life Annuity?

July 8, 2026 Posted by: Phil Barker Retirement

Retirees often use both options for their retirement needs. A RRIF for flexibility with access to savings and a life annuity for guaranteed income for life. See which option makes sense for you.

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Comparing Life Annuities to Other Retirement Income Streams

August 29, 2023 Phil Barker Retirement

As individuals approach their retirement years, ensuring a stable and consistent income becomes a paramount concern. With the variety of[…]

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What Are My RRSP Options In The Year I Turn 71, The Age Of Maturity?

September 10, 2021 Posted by: Phil Barker Retirement

If you have a retirement retirement savings plan (RRSP) and or a spousal retirement savings plan, you have the following[…]

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Plan Your Retirement with a RRIF or Annuity or a Combination of Both

August 20, 2021 Posted by: Phil Barker Retirement

There are two main choices in planning your retirement: a Life Annuity or a Registered Retirement Income Fund (RRIF) With[…]

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The Insured RRIF Plan

August 19, 2021 Posted by: Phil Barker Retirement

Your Concern: You have sizable amount built up in your Registered Retirement Savings Plan (RRSP) or your Registered Retirement Income[…]

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Estate Settlement

August 18, 2021 Posted by: Phil Barker Retirement

Being named a Trustee is a heavy responsibility. But professional help is available. If you ever find yourself named to[…]

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seniors

RRSP Options When You Turn 71: Either a RRIF or Annuity

August 6, 2021 Posted by: Phil Barker Retirement

There are two smart options in planning your retirement at age 71: a Life Annuity or a Registered Retirement Income[…]

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From Ottawa, Metro: Consider annuities for a secure retirement income.

November 3, 2016 Posted by: Phil Barker Retirement

An interesting article from Sun Life explaining the virtue of a life annuity as guaranteed income. But there should be no[…]

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Annuity Deadline Approaching for Registered & Non-Registered Annuities

October 24, 2016 Posted by: Phil Barker Retirement

We are fast approaching a deadline for any annuity business you want to do this year. While the official cutoff[…]

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2016 RRIF Minimum Withdrawal Rates

April 5, 2016 Posted by: Phil Barker Retirement

2016 RRIF Minimum Withdrawal Rates https://t.co/qhjpqYjlcD pic.twitter.com/min9tlFIrR — Ivon T Hughes (@LifeAnnuities) April 5, 2016   View our RRIF Minimum[…]

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