Here are some general considerations to keep in mind when deciding what age to start collecting the CPP retirement benefit and determining how much it will be.
Collecting the CPP
LIRAs, LIFs, LRIFs & P-RRIFs
LIRAs, LIFs, LRIFs & P-RRIFs
Broadening the Approach to Preparing for Retirement
Broadening the Approach to Preparing for Retirement
You’ve saved and invested wisely over the years in a Registered Retirement Savings Plan (RRSP). Now that you’re retiring, you’ll need to use your RRSP savings to supplement your pension and government benefits to create the retirement lifestyle you’ve been planning. The question now becomes, what RRSP maturity option is best for you?
Your RRSP Maturity Options
A RRIF is very much like an RRSP in reverse. An RRSP is an account designed to help you save for retirement – a RRIF is an account designed to provide annual income in the form of withdrawals from a registered plan during your retirement.
RRIFs - Tips and considerations
Investing in a Registered Retirement Savings Plan (“RRSP”) is one of the soundest ways to ensure you enjoy a financially secure retirement. In order to maximize the benefits of an RRSP, it’s important to have a basic understanding of the rules that govern them.
Understanding the Basic RRSP Rules
IPPs - Individual Pension Plans
IPPs - Individual Pension Plans
Retiring Allowances - The Silver Lining
Retiring Allowances - The Silver Lining