MEMBER RETIREMENT INCOME OPTIONS Achieve Your Retirement Dreams
|
|
- Easter Merritt
- 8 years ago
- Views:
Transcription
1 MEMBER RETIREMENT INCOME OPTIONS Achieve Your Retirement Dreams
2 Achieve Your Retirement Dreams With a Registered Retirement Income Fund (RRIF) Wise Ways to Make the Most of Your Money Now that you re getting ready to retire, you want to feel comfortable that you ll enjoy the lifestyle for which you ve so carefully planned. When converting your retirement savings to a Retirement Income Option, it s important to make the decisions that are right for you. After reviewing the options available, most people decide that a Registered Retirement Income Fund (RRIF) best meets their needs. A RRIF earns money from investments, just as your RRSP did, and it is the most flexible Retirement Income Option available. Flexible Payment Options Canada Revenue Agency (CRA) requires that you receive at least a minimum payment from your RRIF each year, but beyond that, your RRIF can be completely customized to meet your personal goals and budget requirements. It can provide payments for life. Or, you can arrange to change the amount and frequency of the payments from time to time, as your needs change and evolve. Competitive Rates and Terms Your credit union offers a variety of RRIF investment options at competitive interest rates: Variable Rate RRIF offers an interest rate which will vary according to the marketplace. Fixed Term RRIF earns a fixed rate of interest for the period of time you select.
3 Maximum Control Over Your RRIF One of the most appealing features of a RRIF is the amount of control you can exercise. If you need extra money for a financial emergency or any other purpose, you can make lump sum cash withdrawals from your RRIF. (The amount instantly accessible may vary depending on the investments held within your RRIF). You ll also control what happens to your RRIF after your death. If you appoint your spouse* as successor annuitant, your RRIF contract will continue in your spouse s name. If you designate your spouse beneficiary, the funds in your RRIF may transfer tax-free to your spouse s RRSP or RRIF. If you designate someone other than your spouse, the proceeds of your RRIF will be paid as a lump-sum to your beneficiary. As long as funds remain in your RRIF, they are tax sheltered and continue to grow. *The term spouse can also read as common-law partner.
4 Understanding Your Options In addition to the RRIFs described inside this pamphlet, your credit union can provide information about these other Retirement Income Options: Life Annuity provides you with a series of scheduled payments for the rest of your life, with options that affect your payment amount, frequency and payout to your survivors. Term Certain Annuity to Age 90 provides scheduled payments until age 90, by which time all RRSP amounts and earnings have been returned to you or your estate. Decision Making for a Comfortable Retirement After saving so hard for a comfortable retirement, you want to make the decisions that will make the most of your money. Talk with your credit union about the retirement income options outlined in this pamphlet. Or, ask for a free copy of our more detailed booklet called Knowing Your Retirement Income Options. After saving so hard for a comfortable retirement, you want to make the most of your money.
5 Options for Locked-in Pension Funds If you have funds in a Locked-in RRSP, Locked-in Retirement Account, Restricted Locked-in Savings Plan, or Registered Pension Plan, you may be able to consider the following options, the first three of which have formulas which limit the maximum payments in a year: Life Income Fund (LIF) functions as a RRIF and in some jurisdictions must be converted to a Life Annuity, or if permitted to an LRIF, at age 80. (PBSA, 1985, Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario and Quebec pension legislation does not require termination of the LIF at age 80.) Restricted Life Income Fund (RLIF) functions like a RRIF and has the similar restrictions as a LIF. There is no requirement to convert an RLIF to a Life Annuity at age 80 and the RLIF includes a One-Time 50% Unlocking option. (Available only under Federal PBSA, 1985 jurisdiction.) Locked-in Retirement Income Fund (LRIF) functions like a RRIF and makes payments for life. (Available only in Newfoundland & Labrador.) Prescribed RRIF is available under the Manitoba and Saskatchewan pension legislation and functions like a RRIF with no maximum payment restrictions. Under Manitoba pension legislation, the annuitant of a LIF may transfer up to 50% of the LIF to a MB RRIF. Pre-approval from the Manitoba Superintendent of Pensions is required. Under Saskatchewan pension legislation, the annuitant of a LIRA, LIF or LRIF may transfer the funds to a SK RRIF. Note: Pension legislation provides protection under LIF, RLIF, LRIF, MB RRIF and SK RRIF from certain creditors. Your credit union RRIF is as safe and secure as your other credit union deposits. Credit union deposits are protected. Deposit insurance coverage is prescribed in each province by provincial law. Please check with your local credit union for specific coverage details. The information in this publication is summary in nature and does not constitute legal or financial advice. This brochure is provided by your local credit union and is designed to inform you about RRIFs. For more information about this or any other financial product, please contact our knowledgeable staff.
6 HANDS & GLOBE Design is a registered certification mark owned by the World Council of Credit Unions, used under license Credit Union Central of Canada. All rights reserved. HANDS & GLOBE Design is a registered certification mark owned by the World Council of Credit Unions, used under license. Prepared with 2015 Credit assistance Union Central by of Central Canada. All 1 rights and reserved. Concentra. RSPLEARIOA RSPLEARIOA
Reuter Benefits Group Plan Member Newsletter September 2009
Reuter Benefits Group Plan Member Newsletter September 2009 Accessing Your Retirement Savings As you approach retirement, you will need to turn your Pension and RRSP, as well as any nonregistered savings,
More informationInvestment funds information folder
Investment funds information folder Great-West Life investment plans Investment funds information folder October 2015 This document is not an insurance contract. This information folder is not an insurance
More informationPension Options. In Alberta, the money that is held for you in a pension plan must be used to provide you with a lifetime income when you retire.
RON GRAHAM AND ASSOCIATES 100, 10585-111 Street,Edmonton, Alberta T5H 3E8 Telephone (780) 429-6775 Facsimile (780) 424-0004 rgraham@rgafinancial.com Pension Options In Alberta, the money that is held for
More informationSingle Premium Immediate Annuities (SPIA)
Transamerica LIFE CANaDA Single Premium Immediate Annuities (SPIA) For Advisor Use only One of the biggest fears your clients can face is outliving their retirement savings. Unlike banks and trust companies
More informationTable of Contents Introduction 2 Determining Your Financial Needs Strategies for Saving Investing for Profit Public Pension Plans
Table of Contents Introduction 2 When to Start Planning 2 How to Begin Planning 3 Determining Your Financial Needs 3 Strategies for Saving 6 Investing for Profit 8 Public Pension Plans 12 Canada Pension
More informationEarly Retirement Strategies
If you or a member of your family is facing a permanent lay-off, voluntary early retirement or forced early retirement, there are many important decisions to be made decisions that can have a significant
More information1.1 How can I plan for my retirement income?... 1. 1.2 Your retirement income needs... 1. 1.3 Converting your RSP... 1
R e t i r e m e n t I n c o m e F u n d s I n f o r m a t i o n B o o k l e t. This booklet is intended to address questions commonly asked about Retirement Income Funds (RIFs). The booklet is not intended
More informationnvestmen UARANTEE GUIDE Investments ADVISOR GUARANTEED Life s brighter under the sun
un UARANTEE Sun GUARANTEED Investments nvestmen GUIDE ADVISOR WHAT S INSIDE Superflex/Income Master (Insurance GIC) Sun GIC Max non-redeemable (Trust GIC) SLF Trust GIC redeemable (Trust GIC) Life s brighter
More informationInvestor Guide. RRIF Investing. Managing your money in retirement
Investor Guide RRIF Investing Managing your money in retirement 1 What s inside It s almost time to roll over your RRSP...3 RRIFs...4 Frequently asked questions...5 Manage your RRIF...8 Your advisor...10
More informationJUNE 2016. Great-West Life investment plans Information folder. Program MANAGED-MONEY. This document is not an insurance contract.
JUNE 2016 Great-West Life investment plans Information folder Program MANAGED-MONEY This document is not an insurance contract. This information folder is not an insurance contract. The information in
More information(CLICK ON JURISDICTION FOR ADDENDUM) FEDERAL LIRA ALBERTA LIRA BRITISH COLUMBIA LRRSP MANITOBA LIRA NEWFOUNDLAND AND LABRADOR LIRA NOVA SCOTIA LIRA
Addendum To CANADIAN SHAREOWNER INVESTMENTS INC. Retirement Savings Plan Declaration of Trust for Locked-In Pension Transfers to a Locked-In Registered Retirement Savings Plan or a Locked-In Registered
More informationLEAVING YOUR EMPLOYER SHOULD YOU COMMUTE YOUR PENSION PLAN?
LEAVING YOUR EMPLOYER SHOULD YOU COMMUTE YOUR PENSION PLAN? Mackenzie Tax & Estate Planning In past years when an individual changed employers, it was pretty much an accepted practice to leave their defined
More informationFor advisor use only Advisor Guide
For advisor use only Advisor Guide RBC Payout Annuities 2 RBC Payout Annuities: Advisor guide What you and your clients need to know about payout annuities In an uncertain financial world where guarantees
More informationGUIDELINE NO.X DEFINED CONTRIBUTION PENSION PLANS GUIDELINE
GUIDELINE NO.X DEFINED CONTRIBUTION PENSION PLANS GUIDELINE JULY 13, 2012 Table of Contents PURPOSE... 3 EXISTING CAPSA GUIDANCE RELATED TO DC PENSION PLANS... 3 APPLICATION OF THE DC PENSION PLANS GUIDELINE...
More informationMEMBER RETIREMENT SERVICES RRSP 08/09 RRSP, RRIF, LIF, LRIF, ANNUITY
RRSP MEMBER RETIREMENT SERVICES 08/09 Understanding Defend Yourself All The from Basics Fraud RRSP, RRIF, LIF, LRIF, ANNUITY This booklet is provided to you courtesy of a credit union. It is written in
More informationPreparing for Retirement. A Guide for Employees. Human Resources
Preparing for Retirement A Guide for Employees 010 Human Resources Contents Introduction... 3 Canada Pension Plan Retirement Benefits... 4 Old Age Security... 6 Employment Insurance Benefits at Retirement...
More informationLocked-in Retirement Income Requirements
Government of Newfoundland and Labrador Department of Government Services Consumer and Corporate Affairs Financial Services Regulation Division DIRECTIVE NO. 17 Issued under the Pension Benefits Act, 1997,
More informationINFORMATION FOLDER October 2015
GREAT-WEST LIFE SEGREGATED FUND POLICIES PREFERRED SERIES 2 INFORMATION FOLDER October 2015 The Great-West Life Assurance Company is the sole issuer of the individual variable annuity policy described
More informationFinancial Services Commission of Ontario Commission des services financiers de l Ontario
Financial Services Commission of Ontario Commission des services financiers de l Ontario SECTION: Life Income Fund/Locked-In Retirement Account INDEX NO.: L050-500 TITLE: LIF Explanation and Tables for
More informationEFFECTIVE OCTOBER 2015. ivari TM Guaranteed Investment Funds INFORMATION FOLDER. This Information Folder is not complete without the Fund Facts.
EFFECTIVE OCTOBER 2015 ivari TM Guaranteed Investment Funds INFORMATION FOLDER This Information Folder is not complete without the Fund Facts. Effective October 2015 ivari TM ivari Guaranteed Investment
More informationGetting Close.Retirement Income Options
Getting Close.Retirement Income Options Today s meeting How much do I need to retire? Sources of retirement income Retirement planning tools Countdown to retirement How much do I need to retire? How much
More informationVERSATILE PORTFOLIOS NAVIGATOR KEY FACTS
information folder This information folder is not an insurance contract. Versatile Portfolios Navigator Individual Variable Insurance Contracts are issued by Co-operators Life Insurance Company. VERSATILE
More informationDESJARDINS SECURITIES INC. MANITOBA LIRA
Locked-in Retirement Account (LIRA) Addendum To Desjardins Securities Inc. Self-Directed RRSP Contract (RSP 168-066) THIS IS AN ADDENDUM TO AN RRSP CONTRACT BETWEEN: AND Desjardins Trust Inc. (the "Issuer")
More informationPlan at a glance: University of Saskatchewan Group Retirement Fund Prescribed Retirement Income Fund PRIF Registered Retirement Income Fund RRIF
Plan at a glance: Group Retirement Prescribed Retirement Income PRIF Registered Retirement Income RRIF Your plan at a glance We know how hard you have saved for your future. Now it s time for you to make
More informationHuman Resources A GUIDE TO THE SHELL CANADA PENSION PLAN INITIAL DC AND DB/DC DUO
Human Resources A GUIDE TO THE SHELL CANADA PENSION PLAN INITIAL DC AND DB/DC DUO October 2015 INTRODUCTION Each of us has a responsibility to plan and save for a financially secure retirement. The primary
More informationPlanning Retirement. Information for BCGEU Pension Plan Members
Planning Retirement Information for BCGEU Pension Plan Members January 2012 PAGE ONE PAGE TWO PAGE THREE PAGE FOUR PAGE FIVE PAGE SIX PAGE SEVEN PAGE EIGHT PAGE NINE PAGE TWELVE TABLE OF CONTENTS Preparing
More informationInformation Folder for the Investors Group Guaranteed Investment Funds
Information Folder for the Investors Group Guaranteed Investment Funds Individual Variable Annuity Policy June 2015 Issued by The guaranteed investment funds described in this Information Folder invest
More informationPension Plan Benefits on Retirement
Pension Plan Benefits on Retirement MARCH 2014 What is inside How is Your Pension Benefit Determined? Assumptions used in Preparing a Pension Estimate... 2 Formula Pension...............................................................................
More informationHow To Invest In A Tax Free Savings Account
INVESTMENTS Tax-Free Savings Account Your guide to the Tax-Free Savings Account An important part of any financial plan is savings. Short-term goals such as a vacation or long-term goals like retirement
More informationRetirement Income Options
Retirement Income Options How will you spend your retirement? Table of Contents Introduction...4 Retirement Considerations...5 Other Considerations...8 Entering Retirement...9 Retirement Income Options...10
More informationInformation folder. Including preferred series 1. June 2015. This document is not an insurance contract.
CANADA LIFE SEGREGATED FUNDS Information folder Including preferred series 1 June 2015 The Canada Life Assurance Company is the sole issuer of the individual variable annuity policy described in this information
More informationSample retirement plan prepared with. The Canadian Retirement Planner s Software. For information visit http://www.gobeil.ca/
RETIREMENT PLAN PROVINCE OF ONTARIO AS AT JANUARY 1, 2012 PREPARED BY DAVID GOBEIL, CA, CFP NOVEMBER 14, 2011 VERSION DRAFT Sample retirement plan prepared with The Canadian Retirement Planner s Software
More informationAnnuity AYOUT GUIDE PAYOUT ADVISOR. Redefine retirement. Life s brighter under the sun
AYOUT PAYOUT Annuity ADVISOR GUIDE Redefine retirement WHAT S INSIDE Product information Types of annuities Payment options Taxation Life s brighter under the sun TABLE OF CONTENTS WHAT IS A PAYOUT ANNUITY?....
More informationREPLACES: L050-100, L050-200, L050-201, L100-150, L100-200, L100-500, L100-600
Financial Services Commission of Ontario Commission des services financiers de l=ontario SECTION: Locked-In Accounts INDEX NO.: L200-200 TITLE: APPROVED BY: Locked-In Retirement Accounts (LIRAs) Superintendent
More informationADDENDUM TO THE RETIREMENT SAVINGS PLAN DECLARATION OF TRUST ESTABLISHING A LOCKED-IN RETIREMENT ACCOUNT. New Brunswick (LIRA)
ADDENDUM TO THE RETIREMENT SAVINGS PLAN DECLARATION OF TRUST ESTABLISHING A LOCKED-IN RETIREMENT ACCOUNT New Brunswick (LIRA) 1. What the Words Mean: Please remember that in this Addendum, I, me and my
More informationUnlocking Pension Money
An information bulletin regarding the unlocking of pensions pursuant to The Pension Benefits Act, 1992. fcaa.gov.sk.ca Page 2 [This page was left blank intentionally] Introduction Section 29 of The Pension
More informationSingle Premium Immediate Annuity (SPIA) Application
Single Premium Immediate Annuity (SPIA) Application Cheques must be made payable to Transamerica Life Canada Highlighted sections must be completed to avoid delay Not available for corporate ownership
More informationStrategies For Dealing With An Early Retirement Package
If you or a member of your family is facing a permanent lay-off, voluntary early retirement or forced early retirement, there are many important decisions to be made decisions that can have a significant
More informationHow To Get A Pension In Canada
Easy Guide to Retirement Income Options Contents PAGE 1: Your retirement income choices... 2 1. Convert your RSP into an annuity... 2 a. Life Annuity... 2 b. Term Certain Annuity to Age 90... 2 2. Convert
More informationTAX, RETIREMENT & ESTATE PLANNING SERVICES. Registered Retirement Savings Plan (RRSP) THE FACTS
TAX, RETIREMENT & ESTATE PLANNING SERVICES Registered Retirement Savings Plan (RRSP) THE FACTS Table of contents What is an RRSP?... 3 Why should I contribute to an RRSP?... 4 When can I contribute?...
More informationInformation folder October 2015 CANADA LIFE GENERATIONS TM. The Canada Life Assurance Company
Information folder October 2015 The Canada Life Assurance Company is the sole issuer of the individual variable annuity policy described in this information folder. This document is not an insurance contract.
More informationMEMBER RETIREMENT SERVICES Understanding All The Basics RRSP RRIF ANNUITY LIF LRIF
MEMBER RETIREMENT SERVICES Understanding All The Basics RRSP RRIF ANNUITY LIF LRIF This Understanding All The Basics booklet (this publication ) is provided to you courtesy of a credit union. It is written
More informationSUPPLEMENTARY TERMS FOR LOCKED-IN RETIREMENT ACCOUNT (LIRA) BMO INVESTORLINE RETIREMENT SAVINGS PLAN
SUPPLEMENTARY TERMS FOR LOCKED-IN RETIREMENT ACCOUNT (LIRA) Pursuant to the Pension Benefits Standards Act (British Columbia) BMO INVESTORLINE RETIREMENT SAVINGS PLAN Plan Issuer BMO Trust Company 100
More informationLocal 804 Pension Plan
Local 804 Pension Plan A guide to your pension plan benefits Union Benefit Plans Services Contact Contact us If you have any questions about the plan, please contact the plan administrator: Union Benefit
More informationPEPP Talk... on Variable Pension Benefit
PEPP Talk... on Variable Pension Benefit This PEPP Talk provides members with information about PEPP s Variable Pension Benefit (VPB). When you are retired and ready to begin receiving income, you must
More informationEMPIRE CLASS SEGREGATED FUNDS INFORMATION FOLDER AND POLICY PROVISIONS THE EMPIRE LIFE INSURANCE COMPANY
THE EMPIRE LIFE INSURANCE COMPANY EMPIRE CLASS SEGREGATED FUNDS INFORMATION FOLDER AND POLICY PROVISIONS This document contains the information folder and the contract provisions for the Empire Class Segregated
More informationEMPIRE LIFE GUARANTEED INVESTMENT FUNDS 75/75 AND GUARANTEED INVESTMENT FUNDS 75/100 INFORMATION FOLDER AND CONTRACT PROVISIONS
THE EMPIRE LIFE INSURANCE COMPANY EMPIRE LIFE GUARANTEED INVESTMENT FUNDS 75/75 AND GUARANTEED INVESTMENT FUNDS 75/100 INFORMATION FOLDER AND CONTRACT PROVISIONS This document contains the information
More informationRegistered Retirement Income Funds
Registered Retirement Income Funds The Income Tax Act states that a Registered Retirement Savings Plan (RRSP) matures by December 31 of the year in which the planholder (annuitant) reaches age 69. At the
More informationSign up online for a chance to win an ipad!
(a) Since your statements will be available online, do you still wish to receive a paper copy? o Yes o No (b) o I request that my deferred annuity contract and other pertinent documents be posted on my
More informationLife s brighter under the sun (and so is your retirement)
Life s brighter under the sun (and so is your retirement) Key topics Your retirement options Understanding your plan Choosing your investments Managing your account Take action 2 YOUR RETIREMENT OPTIONS
More informationInformation Folder and Contract (Including Fund Facts)
RBC Guaranteed Investment Funds Information Folder and Contract (Including Fund Facts) April 2015 RBC Life Insurance Company The Information Folder part of this document is published by RBC Life Insurance
More information4Needs your WHAT S AFTER? ELIMINATE DEBT THE FEWER DEBTS, THE BETTER! Wills and Trusts; Reviewing These Are a Must
YOUR SOURCE FOR RETIREMENT PLANNING AND POSSIBILITIES e > N xt WHAT S AFTER? But first, some things to think about before 4Needs your retirement income should meet ELIMINATE DEBT THE FEWER DEBTS, THE BETTER!
More informationFinancial Services Commission of Ontario Commission des services financiers de l Ontario. Life Income Fund/Locked-In Retirement Account
Financial Services Commission of Ontario Commission des services financiers de l Ontario SECTION: Life Income Fund/Locked-In Retirement Account INDEX NO.: L050-100 TITLE: APPROVED BY: Requirements of the
More informationSun Life Assurance Company of Canada
Sun Life Assurance Company of Canada Sun Guaranteed Investment Fund Solutions Income Series supplement Information folder and individual variable annuity contract issued by Sun Life Assurance Company of
More information625 St-Amable Street Québec (Québec) G1R 2G5 ALBERTA LIFE INCOME FUND (LIF-RIDER)
625 St-Amable Street Québec (Québec) G1R 2G5 ALBERTA LIFE INCOME FUND (LIF-RIDER) Nature of the rider This rider (hereinafter also referred to as the addendum ) applies only to the Contractholder whose
More informationRetirement. Income. your way
Retirement. Income. your way YOUR GUIDE TO SUNFLEX RETIREMENT INCOME Life s brighter under the sun Table of contents Introduction... 3 The five retirement risks... 4 Money for Life... 5 Product Overview
More informationInvestment. Companion Booklet. Registered trade-marks of The Bank of Nova Scotia, used under license. VISA Int/Lic. User The Bank of Nova Scotia
Investment Companion Booklet Registered trade-marks of The Bank of Nova Scotia, used under license Scotiabank where applicable Group refers to The Bank of Nova Scotia and its domestic subsidiaries TM Trade-marks
More informationADDENDUM TO THE RETIREMENT SAVINGS PLAN DECLARATION OF TRUST ESTABLISHING A LOCKED-IN RETIREMENT ACCOUNT. Saskatchewan (LIRA)
ADDENDUM TO THE RETIREMENT SAVINGS PLAN DECLARATION OF TRUST ESTABLISHING A LOCKED-IN RETIREMENT ACCOUNT Saskatchewan (LIRA) 1. What the Words Mean: Please remember that in this Addendum, I, me and my
More informationInvestment. Companion Booklet. Registered trade-marks of The Bank of Nova Scotia, used under license where applicable.
Investment Companion Booklet Registered trade-marks of The Bank of Nova Scotia, used under license where applicable. TM Scotiabank Trademarks Group of The refers Bank to of The Nova Bank Scotia, of Nova
More informationSun Life Assurance Company of Canada
Sun Life Assurance Company of Canada Sun Lifetime Advantage Guaranteed Investment Fund Information folder and individual variable annuity contract issued by Sun Life Assurance Company of Canada May 2016
More informationLife Income Fund (LIF) Addendum To RRIF Contract
Life Income Fund (LIF) Addendum To RRIF Contract THIS IS AN ADDENDUM TO A RRIF CONTRACT BETWEEN: AND (the "Owner") BMO Life Assurance Company (the "Issuer") IMPORTANT NOTES: A life income fund (LIF) is
More informationRetirement income. Disbursement products Annuities, RRIFs and LIFs
Retirement income Disbursement products Annuities, RRIFs and LIFs Disbursement products Make the most of your new lifestyle without financial worries For years now, you have been saving to build retirement
More informationADDENDUM TO THE RETIREMENT SAVINGS PLAN DECLARATION OF TRUST ESTABLISHING A LOCKED-IN RETIREMENT ACCOUNT. Quebec (LIRA)
ADDENDUM TO THE RETIREMENT SAVINGS PLAN DECLARATION OF TRUST ESTABLISHING A LOCKED-IN RETIREMENT ACCOUNT Quebec (LIRA) 1. What the Words Mean: Please remember that in this Addendum, I, me and my mean the
More informationThe Individual Pension Plan. An opportunity to have your cake and eat it too!
Special Report An introduction to: The Individual Pension Plan An opportunity to have your cake and eat it too! Gerard Hass, CA, CFP, CFA Portfolio Manager Raymond James Ltd. 1 What is an Individual Pension
More informationGROUP LIFE INCOME FUND (LIF) FOR MCGILL FACULTY & STAFF
GROUP LIFE INCOME FUND (LIF) FOR MCGILL FACULTY & STAFF MY GROUP LIF/RIF PLAN... IN BRIEF At the earlier of your retirement date and attaining age 65, you will be eligible to start receiving a retirement
More informationADDENDUM TO THE RETIREMENT INCOME FUND DECLARATION OF TRUST ESTABLISHING A LIFE INCOME FUND. Nova Scotia (LIF)
ADDENDUM TO THE RETIREMENT INCOME FUND DECLARATION OF TRUST ESTABLISHING A LIFE INCOME FUND Nova Scotia (LIF) 1. What the Words Mean: Please remember that in this Addendum, I, me and my mean the individual
More informationLAKEHEAD UNIVERSITY EMPLOYEE PENSION PLAN MEMBER BOOKLET
LAKEHEAD UNIVERSITY EMPLOYEE PENSION PLAN MEMBER BOOKLET 2011 1 TABLE OF CONTENTS Introduction... 3 Eligibility... 4 Contributions... 5 Individual Account... 8 Short Term Account... 8 Retirement Dates...
More informationYour Payout Annuity policy
64075528 Your Payout Annuity policy In this document, "you" and "your" means the owner of this policy, or the policyholder. "We", "our", "us" and the "Company" means Sun Life Assurance Company of Canada.
More informationREGISTERED RETIREMENT INCOME FUND (RRIF)
REGISTERED RETIREMENT INCOME FUND (RRIF) Maximum flexibility for retirement savings Advisor s document Investment When retirement finally arrives, a considerable number of important decisions about such
More informationTOWBOAT SEAMEN PENSION BOOKLET. - Questions and Answers - Illustrations
TOWBOAT SEAMEN R E T I R E M E N T P L A N PENSION BOOKLET - Questions and Answers - Illustrations April 2013 MISSION STATEMENT The Trustees of the Towboat Seamen Retirement Plan shall use all their individual
More informationPublic Service Pension Plan
Public Service Pension Plan Guide Booklet The information presented in this publication is premised on the rules and criteria which currently exist under the Public Service Superannuation Plan and which
More informationSmart retirement. Smart. retirement. > Countdown to retirement > Sources of retirement income > Investing to minimize tax > Quick tips
Smart retirement Smart retirement > Countdown to retirement > Sources of retirement income > Investing to minimize tax > Quick tips Make it a smart retirement Preparing for retirement is a lot of work.
More informationTable of Contents. Page 2 of 10
Page 1 of 10 Table of Contents What is an RRSP?... 3 Why should you put money into an RRSP?... 3 When should you start an RRSP?... 3 The convenience of regular RRSP deposits... 3 How much can you contribute?...
More informationF O R Y O U R F A M I L Y
FOR YOUR FAMILY Your partner or loved ones will face many decisions upon your death. We hope this brochure makes it easier for them to make those decisions then and easier for you to talk with them about
More informationAdministration PIVOTAL SOLUTIONS/PIVOTAL SOLUTIONS DSC. Savings and Retirement. Retirement Income Fund Life Income Fund
Administration PIVOTAL SOLUTIONS/PIVOTAL SOLUTIONS DSC Savings and Retirement Retirement Income Fund Life Income Fund Name of Advisor (please print) Advisor Code OR FundSERV Sales Rep. ID (only one - whichever
More informationissued by Sun Life Assurance Company of Canada
Sun Life Assurance Company of Canada Application Form - January 2015 SunWise Essential Series 2 is an individual variable annuity contract issued by Sun Life Assurance Company of Canada, a member of the
More informationTHE EMPIRE LIFE INSURANCE COMPANY LIFE INCOME FUND ENDORSEMENT QUÉBEC SUPPLEMENTAL PENSION PLANS ACT AND REGULATIONS
Policy Number: THE EMPIRE LIFE INSURANCE COMPANY LIFE INCOME FUND ENDORSEMENT QUÉBEC SUPPLEMENTAL PENSION PLANS ACT AND REGULATIONS Owner/Annuitant: The Policy Number indicated above is amended as described
More informationYOUR DREAMS. YOUR LIFE. SIMPLIFIED. YOUR SFL ADVISOR: BECAUSE EVERYTHING IS POSSIBLE.
YOUR DREAMS. YOUR LIFE. SIMPLIFIED. YOUR SFL ADVISOR: BECAUSE EVERYTHING IS POSSIBLE. Before silencing your phone for your meeting, you put it on the desk to show the person you ve come to see some photos
More informationAddendum. Addendum. for Nova Scotia LIFs. Scotia Self-Directed Life Income Fund (LIF)
Addendum Addendum for Nova Scotia LIFs This Addendum sets out further provisions that apply to LIFs which are subject to the Pension Benefits Act of the province of Nova Scotia (the Act ). 1. Definitions
More informationsmart retirement Countdown to retirement Sources of retirement income Investing to minimize tax Quick tips
smart retirement Countdown to retirement Sources of retirement income Investing to minimize tax Quick tips Make it a smart retirement Preparing for retirement is a lot of work. That s one of life s great
More informationSecuring Income for Old Age: Pensions, Pension Division, Annuities and Insurance
THE INTERPLAY BETWEEN AGING, DEATH AND DIVORCE PAPER 1.1 Securing Income for Old Age: Pensions, Pension Division, Annuities and Insurance These materials were prepared by Thomas G. Anderson, QC of Anderson
More informationMaking the right choice
GROUP RETIREMENT SAVINGS SOLUTIONS Simply let our experts guide you Desjardins & Co. Making the right choice Reference Guide for Employers Group Retirement Savings Products At Desjardins Group, we excel
More informationSolut!ons for financial planning
Understanding your options this RRSP season 16 Solut!ons for financial planning Consider mutual funds and segregated fund contracts You ve likely heard it before: you should regularly contribute to a Registered
More informationPreparing for the retirement you want
Preparing for the retirement you want You deserve an enjoyable retirement Retirement is one of life s most significant events. It marks the transition to a new and very wonderful stage of life. You will
More informationSample retirement plan prepared with. The Canadian Retirement Planner s Software. For information visit http://www.gobeil.ca/
RETIREMENT PLAN KAREN AND BILL SWIRE PROVINCE OF ONTARIO AS AT JANUARY 1, 2012 PREPARED BY DAVID GOBEIL, CA, CFP NOVEMBER 4, 2011 VERSION DRAFT Sample retirement plan prepared with The Canadian Retirement
More informationChoose the right investment. Segregated fund policies versus mutual funds
Choose the right investment Segregated fund policies versus mutual funds Choose the best option for your clients investment needs Segregated fund policies and mutual funds provide clients: Professional
More informationYOUR DREAMS. YOUR LIFE. SIMPLIFIED. YOUR DFSIN ADVISOR: BECAUSE EVERYTHING IS POSSIBLE.
YOUR DREAMS. YOUR LIFE. SIMPLIFIED. YOUR DFSIN ADVISOR: BECAUSE EVERYTHING IS POSSIBLE. Before silencing your phone for your meeting, you put it on the desk to show the person you ve come to see some photos
More informationSprott Flow-Through Limited Partnerships. Sprott Tax-Assisted Investments
Sprott Flow-Through Limited Partnerships Sprott Tax-Assisted Investments sprott asset management lp Natural resources an essential element of a well-structured investment portfolio Adding natural resource
More informationmy plan Simplified Pension Plan for Employees of Bishop s University Member Booklet
my plan Simplified Pension Plan for Employees of Bishop s University Member Booklet Client ID 2RT-01 May 2015 Table of Contents Introduction... 1 What type of plan do I have?... 1 What are my responsibilities?...
More informationParticipant s Guide to Group RRSPs
Participant s Guide to Group RRSPs Table of Contents What Is a Group Registered Retirement Savings Plan (RRSP)?... 2 How Does It Work? How Do I Get Started? Investment Options... 3 Variable RRSP Guaranteed
More informationMaking the Best Choice for Your Future Survivor Pension Options
Making the Best Choice for Your Future Survivor Pension Options How does the death of my pension partner affect my pension benefits? What options do I have? And what action must I take next in order to
More informationfinancial planning & advice
financial planning & advice Tips for successful investing. Start early and invest regularly Do your homework take the time to become an informed investor Develop an investment strategy you are comfortable
More informationCreditor Protection and Life Insurance
Creditor Protection and Life Insurance Introduction As a general rule, all assets of an individual or entity are security for unpaid debts owing to a creditor. This applies whether or not the individual
More informationPlan Member Guide. Teachers Pension Plan
Plan Member Guide Teachers Pension Plan Table of Contents Introduction... 1 Services Provided by ATRF... 2 Becoming a Member... 3 Contributions... 3 Retirement... 5 Pension Formula... 7 Pension Options...
More informationINCOME TYPE EXEMPTION TABLE. Revised July 31, 2013 1
Income Type Notes AISH ion Income Category Adult Support payments Other terms used may be Client: Non- Spousal Support, Spousal Maintenance or Alimony Agent Orange- Ex gratia payments related to the testing
More information