RRSP/RRIF
By Brenda Spiering, Editor, BrighterLife.ca Looking for an investment option that can help you sleep at night? Segregated fund products can guarantee you’ll get back some or all of the money you invest. Segregated (seg) fund products, available exclusively through insurance companies, provide the growth potential of market-based investments with the benefits of an insurance…
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Source: Transamerica/Ivari Dare to dream Everyone has dreams of what their retirement years will be like. Will you be hiking in the Himalayas or sunning down south? Where will the money come from to fulfill these retirement dreams? Before we answer that question, let’s look at how much money you will need to fund your…
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Source: Manulife Financial
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Source: Manulife Financial
Read MoreBy Brenda Spiering, Editor, BrighterLife.ca Confused about the best savings option for your needs? You’re not alone. Ever since the federal government introduced the Tax-Free Savings Account (TFSA) in 2008, there’s been debate about whether a TFSA or a Registered Retirement Savings Account (RRSP) is the best place to stash your cash. Both provide tax…
Read MoreBy Brenda Spiering, Editor, BrighterLife.ca You don’t need to be born with a silver spoon in your mouth to build wealth. With the right products, you can grow and protect a healthy nest egg. Here are five key financial products that should be part of your plan: 1. Registered Retirement Savings Plan (RRSP) As soon…
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RRSPs are a great way to save for your retirement. A registered retirement savings plan can help you achieve financial stability for later life. Did you know the Canadian government gives financial incentives to help you save for your retirement? Simply put, a Registered Retirement Savings Plan, or RRSP, is a special type of savings…
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