Pros and Cons: Withdrawals from RRSP or RRIF I often get questions about “how to begin payments from an RRSP?” or “when to start a RRIF”? What follows is a high level overview when contemplating withdrawals for either type of plan. RRSP = Registered Retirement Savings Plan (sometimes just called RSP for short) RRIF = […]
Your RRSP Contribution Limit Calculation Your RRSP contribution limit is the lesser of 18% of earned income in a given year to a maximum defined by CRA. There are several adjustments that may apply to your personal situation. Here is a simple example. Jane Doe has earned income of $50,000 for 2012. Her RRSP deduction […]
TFSA versus RRSP? Don’t Leave it to Chance! [ezcol_1half] Read this article to help you decide…click here [/ezcol_1half] [ezcol_1half_end] [/ezcol_1half_end]
Do you need realistic answers to key retirement questions? [ezcol_1half] Do I have enough money to retire? How long will my money last? When can I retire? How much do I need to save for my retirement? Do I need a life annuity? What is my optimum asset mix? [/ezcol_1half] [ezcol_1half_end] Click here to learn […]
Reduce Stress with a Life Annuity in your Retirement Plan A life annuity is simply a financial product whereby you invest a lump sum of money with an insurance company and in turn they provide a guaranteed income payment for life. Think of it as buying your own personal pension plan. Here is an article […]