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Home Financial Health Blog Archive for category "Retirement income strategies"

Retirement income strategies

Seven Personal Financial Tips for 2017

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 aRead More…

 

Private Wealth Management

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’ experienceRead More…

 

Retire Happy, Wild, and Free: Sources of retirement income

I’ve recently read a book called HOW TO RETIRE HAPPY, WILD, AND FREE.  It’s a non-financial look at thinking about and preparing for what you will do and how to get the most out of life in semi-retirement or retirement.  Included are examples of people who have retired anywhere from age 27 to age 80. Read More…

 

A Personal Defined-Benefit Pension Plan

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? GuaranteedRead More…

 

Build a rock solid pension with no stock market exposure: Start with $25,000

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 muchRead More…

 

Annuity “paycheque” key to happiness

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 andRead More…

 

7 things that affect annuity income

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 affectRead More…

 

What is your retirement number?

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 intenseRead More…

 

Invest in commercial real estate

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 EstateRead More…

 

The Insured Annuity: Maximize your lifetime income and leave a legacy

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, youRead More…