Tag: Canada

Hello December!

Can you believe it’s already December 1st? For the month of November, we joined Canada’s Financial Literacy Month (#FLM2015) conversation by publishing various posts about saving for retirement, understanding the Canadian retirement landscape and highlighting important retirement terms. We enjoyed the theme, as we understand how important it is to be...

Think twice before withdrawing money from your RRSP

Anyone with money saved in a group registered retirement savings plan (RRSP) has likely experienced the temptation to withdraw some of those savings for a new car or a tropical vacation. After all, retirement is so far off, a small withdrawal now won’t make any difference…will it? Wait! Before cashing in your RRSP, there are a couple of things to consider:...

The Canadian Retirement Landscape

In previous blog posts, we’ve discussed retirement payment options available to you as a member of an employer sponsored retirement plan. Your plan is one of the tools available to help you prepare for retirement. Overall, there are three levels of retirement plans available in Canada: government sponsored public plans, privately sponsored employer plans...

Factors to Consider When Choosing a Retirement Product

As you approach your retirement, you will find a range of different income options available that will allow you to draw on your retirement savings. The options range from flexible retirement plans, like Registered Retirement Income Funds (RRIF) – which allow you to withdraw any amount you want (subject to certain required minimums) – to fixed payment plans...