Make your retirement savings last
Here are some key things to consider when planning how to make your retirement savings last.
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Do you understand your Locked-In Retirement Account (LIRA)?
LIRAs are designed to preserve the retirement savings accumulated through a pension, ensuring that the funds are used exclusively for retirement purposes.
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Is a Spousal RRSP A Smart Retirement Strategy?
A Spousal RRSP helps couples save on taxes by splitting retirement income. It benefits those with unequal incomes but has rules like the 3-year attribution rule
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The Difference Between Target-Date and Target-Risk Funds
We discuss the benefits of both target date and target risk funds where you can decide what is best for you when saving for retirement.
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Best Investing Essentials for every Canadian.
Investing is crucial for building wealth over time, especially for long-term goals like retirement in Canada. Savings accounts serve short-term needs but offer lower returns. Compounding enhances investment growth, while understanding one’s financial situation, goals, and risk tolerance is vital. Working with a Financial Planner can simplify investment decisions.
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Living off your RIF
Let’s explore what a RRIF is, how it works, and key considerations for managing it effectively.
