Investing in Retirement
Investing in Retirement: Why a Total-Return Strategy is Best Many retirees worry about shifting their investment portfolio to focus on generating income, often turning to high-yield investments, mutual funds with hefty fees, or even costly deferred sales charge (DSC) funds. However, there’s a better way to invest in retirement: the total-return approach. This method ensures […]
Retirement Planning Made Simple: The Rule of 30 and Other Smart Strategies for Financial Security
Retirement Planning Made Simple The Rule of 30: A Smarter Way to Save Traditional retirement advice often suggests saving a fixed percentage of income throughout your career. But life isn’t that simple. Early on, expenses like rent or mortgage payments, childcare, and other financial commitments make it difficult to prioritize savings. The Rule of 30 […]
What is a LIRA Account? And How Does it Work?
A Locked-In Retirement Account (LIRA) is a specialized Canadian investment account designed to hold pension funds transferred from a former employer’s pension plan, whether it’s a Defined Contribution or Defined Benefit plan. Unlike a Registered Retirement Savings Plan (RRSP), where contributions can be made at any time and funds can be withdrawn (subject to taxes), […]