When you were working, your employer paid you a regular salary, provided you with a group health insurance plan and contributed to your pension fund.
Once you’ve retired, it’s up to you to make the decisions regarding:
- how to manage your income
- life and health insurance
- the transfer of your assets to your heirs
Where to start
Analyze your sources of retirement income
Assess your pension and annuity income, savings, investments and personal property.
Draw up your retirement budget
Will your pension funds and personal retirement savings be enough?
See Blog: Draw up your retirement budget
Select a retirement income option
You can convert your savings into retirement income a number of ways: the Registered Retirement Income Fund (RRIF), Life Income Fund (LIF), annuities, Locked-In Retirement Accounts (LIRA), etc.
See Blog: Select a retirement income option
To get an overview of choices available to you, see our case studies, which illustrate three different strategies. See Blog: Case studies – Three different strategies