What is Sun Life’s new decumulation product?
While not guaranteed like an annuity, MyRetirementIncome is a flexible and simple financial product for those needing to convert...
Retired Money
Why a reverse mortgage should be a last resort for most Canadian retirees
Reverse mortgages do the job of freeing up income for house-rich, cash-poor Canadian seniors. But their terms are often...
RRSP to RRIF, and LIRA to LIF: How it all gets done
What’s it like to convert a LIRA to an annuity? Follow along as this financial journalist does it for...
How to cope with the RRSP-to-RRIF deadline in your early 70s
You don’t want to miss the conversion deadline at the end of the year you turn 71—you’ll be on...
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Retirement Income for Life: Why Canadian retirees love Frederick Vettese’s books and his PERC
What’s new in the latest edition of Retirement Income for Life? A long-time fan digs into the book and...
Are GICs a no-brainer for retirees?
GICs were embraced by many Canadian investors last year, whether conservative or not. With rates expected to fall again...
Inflation a scourge for retirees? Ottawa’s silver lining(s)
Inflation and taxes—both can affect retirement income. Thankfully CPP, OAS and GIS have inflation indexing. Here’s how it may...
Infinite banking in Canada: Should you borrow from your life insurance policy?
The “Infinite Banking Concept” is gaining popularity with Canadian retirees—but it’s not right for everyone. Here’s how this leverage...
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How to plan for retirement for Canadians: A review of Four Steps to a Worry-Free Retirement course
Just in time for Canadian Financial Literacy Month in November, Four Steps to a Worry-Free Retirement course by Kyle...