Are you getting the best interest rates on your investment funds? Are you sure?
The truth is an increase from 2% to 3% on a $100,000 investment would allow you to make the same gain in just 2 years instead of 3. You would save an entire year!
Find Your Rate
Use the RRIF withdrawal calculator to determine the minimum amount you must withdraw from your RRIF, LRIF or LIF once you convert your RRSP or LIRA
|Company||Term in years|
|Bank of Montreal||1.45%||1.80%||2.00%|
|Bank of Nova Scotia||1.20%||1.60%||1.60%|
|TD Canada Trust||1.45%||1.80%||2.00%|
Prepared by CANNEX on October 16, 2019 at 12:30:14 ET. This information is current as of the date and time posted and is subject to change without notice. © Copyright 2019 CANNEX Financial Exchanges Limited. All rights reserved.
But how can you be sure? The average investor is not easily able to compare rates and returns – this leaves you at the mercy of your broker and his honesty.
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Don’t invest in the dark anymore! A recent RBC poll said that many Canadian boomers ages 50+ are worried about experiencing a retirement savings shortfall.
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Ivon T. Hughes - Annuity Broker
The Hughes Trustco Group | Website: LifeAnnuities.com | Email: firstname.lastname@example.org | Toll Free: 877-842-3863