{"id":1213,"date":"2013-06-20T09:24:00","date_gmt":"2013-06-20T14:24:00","guid":{"rendered":"http:\/\/www.lifeannuities.com\/blog\/?p=1213"},"modified":"2013-06-20T09:24:00","modified_gmt":"2013-06-20T14:24:00","slug":"registered-funds-should-be-converted-into-an-annuity-to-provide-retirement-income","status":"publish","type":"post","link":"https:\/\/lifeannuities.com\/blog\/retirement\/registered-funds-should-be-converted-into-an-annuity-to-provide-retirement-income","title":{"rendered":"Registered funds should be converted into an annuity to provide retirement income"},"content":{"rendered":"<div><a href=\"http:\/\/www.lifeannuities.com\/blog\/wp-content\/uploads\/2013\/06\/iStock_000004639625Small.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-1214\" alt=\"registered funds convert to annuity\" src=\"http:\/\/www.lifeannuities.com\/blog\/wp-content\/uploads\/2013\/06\/iStock_000004639625Small-300x198.jpg\" width=\"165\" height=\"109\" srcset=\"https:\/\/lifeannuities.com\/blog\/wp-content\/uploads\/2013\/06\/iStock_000004639625Small-300x198.jpg 300w, https:\/\/lifeannuities.com\/blog\/wp-content\/uploads\/2013\/06\/iStock_000004639625Small.jpg 851w\" sizes=\"auto, (max-width: 165px) 100vw, 165px\" \/><\/a>As you decide what to do about your retirement income, I thought that\u00a0I would\u00a0 bring up some ideas that others in your situation have considered when dealing with registered annuities.<\/div>\n<div><\/div>\n<div><\/div>\n<div>Firstly, this is money\u00a0where only\u00a0you and your wife will get the maximum benefit. Any\u00a0 guaranteed payments remaining after the 2nd death are collapsed into\u00a0the present-day value,taxed and then any remaining balance is distributed. If you keep waiting to start the annuity payment, the more the income has to increase for you to get an equal benefit.<\/div>\n<div><\/div>\n<div>Secondly, as you near a\u00a0decision,\u00a0it is important not to get locked into mutual funds or GIC&#8217;s or other investments as penalties can be very expensive.<\/div>\n<div><\/div>\n<div>Lastly advice, independent of any insurance company or bank, will give you the clearest picture of what to do. Objective advice should come from\u00a0 someone who is able to provide the products you want from any company.<\/div>\n<div><\/div>\n<div>Get your free, no risk, no obligation annuity quote . Exclusive annuity quotes from the best insurance companies in Canada delivered to your inbox.<\/div>\n<div>\n<p><a href=\"http:\/\/www.lifeannuities.com\/calculator.html\">Calculate Your Annuity Quote<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As you decide what to do about your retirement income, I thought that\u00a0I would\u00a0 bring up some ideas that others[&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":1214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[4,5,135,12,100,101,55,287],"class_list":["post-1213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retirement","tag-annuities","tag-annuity","tag-convert","tag-income","tag-quote","tag-quotes","tag-registered-funds","tag-retirement"],"_links":{"self":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/1213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/comments?post=1213"}],"version-history":[{"count":3,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/1213\/revisions"}],"predecessor-version":[{"id":1217,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/1213\/revisions\/1217"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/media\/1214"}],"wp:attachment":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/media?parent=1213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/categories?post=1213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/tags?post=1213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}