Happy New Year! Here are a few thoughts I’ve put together to help you make your 2017 a great financial year: Hedge your currency bets. Here’s a great way to make sure you don’t get a shock when you buy U.S dollars. Say you need $5,000 U.S. for a vacation. You can set up a
The Income Solutions series is designed for those who seek maximum income from their assets – now or in the future. Your assets may include your home, a business, permanent life insurance, real estate, savings or financial investments. The series is designed to explain the various income-generating strategies and solutions that are available to retail investors.
As you plan for the future, or when you are ready to retire on your own terms, we’ll help you use your assets to create cash flow that will last a lifetime.
For those with $200,000 to $1,000,000, we offer the option of working with a firm of licensed discretionary portfolio managers who employ the investment management techniques of pension funds and institutions. Some of the benefits to you include: An investment committee of senior professionals (CFA, CFP, and/or CIM) with an average of 25 years’ experience
Retirement income protection: The Guaranteed Lifetime Withdrawal Benefit When you choose a “Guaranteed Lifetime Withdrawal Benefit” (GLWB) option with a Segregated Fund, your retirement income is guaranteed for life and will never decrease, even in market downturns. Better still, this guarantee also offers you the possibility of increasing your income. Why choose a GLWB? Guaranteed
Consider this fixed income investment that provides a guaranteed retirement income for life without having to live with the risk and volatile returns of the stock market. Retirement today Most Canadians have saved some money in RRSPs and TFSAs but do not have a clear idea whether their savings are sufficient, or how much
Most Canadians manage their finances by doing two things: Depositing their income and other short-term assets into chequing and savings accounts. Borrowing when they need to, through mortgages, lines of credit, personal loans and credit cards. Sounds simple enough. Unfortunately, they usually receive low or no interest on the money they deposit, while they pay
You may have seen headlines such as “Lifetime Income Stream Key to Retirement Happiness”, and “Happiness in Retirement is a steady income”. Studies show that life annuities generating a retirement “paycheque” from an annuity can make retirees smile. According to Towers Watson, people with annuitized income are happiest, compared to retirees with similar wealth and
Your annuity income is calculated at the time you buy the annuity. It’s based on a number of factors. The most important ones are your life expectancy and interest rates. If you’re buying a life annuity, the insurance company uses insurance tables to project how long you are likely to live. Factors that will affect
Here is a neat and easy calculator to determine the amount of money you should have saved by the time you retire in order to maintain your current standard of living, and how much you should have saved by now to ensure that you are on track: Wealth Target Calculator No need to do intense
The Canada Life Real Estate Fund is a segregated fund that invests directly in a diverse selection of income-producing Canadian real estate properties. The fund is made up of high-quality commercial and multi-family residential properties, diversified by type and located in Canada’s major cities. Link to the information page on the Canada Life Real Estate
If you want to get a guaranteed income for life at a rate of return that is significantly higher than GICs, and still leave an inheritance behind when you pass away, then the insured annuity is a strategy you should consider. First let me explain how an annuity works: When you establish an annuity, you