Definition

Locked-in retirement account (LIRA)

An account that holds money moved out of a pension plan. You may use one if you are changing companies... Read Full Definition

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Financial steps for getting ready for retirement

…keep your retirement nest egg safe? How can you prepare for unexpected costs in retirement? What are other ways to prepare financially for retirement? Summary Why have a retirement plan?…

9 min read
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Profiles of retirement

…are satisfied with retirement, and pre-retirees have positive expectations and look forward to retirement. 77% of retirees are enjoying retirement and 67% of pre-retirees are looking forward to retirement. 70%…

6 min read
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Investor News

…6, 2019: Investor News: June is Seniors’ Month; Retirement Cash Flow Calculator; Living Your Retirement; Planning for Long-Term Care; Financial Abuse & more May 15, 2019: Investor News: Financial Fitness;…

17 min read
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How to make RRIF withdrawals

…both a RRIF and an annuity for your retirement income. How and whether you divide your savings depends on your retirement income priorities, interest rates and guaranteed retirement income (such…

6 min read
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What is an RRSP and how does it work

…What is an RRSP? A Registered Retirement Savings Plan (RRSP) is a kind of savings plan designed to help you save for retirement. Along with saving for retirement, RRSPs have…

8 min read
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Sources of income in retirement

…from. On this page you’ll find What investments can be a source of retirement income? Retirement income from government benefits Other considerations for managing your retirement income Summary What investments…

5 min read
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Financial and investing tips at any age

…to repay it. Learn more about student loan repayment assistance. 5. Start a retirement fund While there are many different life goals you can save for, retirement is the number…

9 min read
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How defined contribution pension plans work

…leave your defined contribution plan before retirement? What are your defined contribution pension options at retirement? How is your defined contribution pension plan protected? Summary What is a defined contribution…

6 min read
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How Registered Retirement Income Funds (RRIF) work

A Registered Retirement Income Fund (RRIF) is an account that can give you a steady income in retirement. On this page you’ll find What’s a Registered Retirement Income Fund (RRIF)?…

8 min read
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