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.
See Blog: Analyze your sources of retirement income
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