You have saved diligently for your retirement through your Registered Retirement Savings Plan (RRSP). You have retired or are anticipating retirement and may be planning on or have already opened up a Registered Retirement Income Fund (RRIF). You want to know how much money you can take out each year and how long your RRIF will last. You may also be wondering if there are alternatives to the RRIF. So many questions!
There’s the problem – uncertainty! You don’t know if and how long your RRIF can support your lifestyle. After so many years working and saving for this the last thing you want is to feel anxious about your retirement. You deserve some answers.
It is easy to be overwhelmed by the complexities and calculations behind answering these questions. After all there is so much misinformation out there. We have had over thirty years experience helping our clients answer these very same questions, providing the clarity, confidence, and direction to move forward into retirement.
The good news is that you don’t need our help to get started. We have provided our RRIF Payment calculator to help you answer some of your questions. Because we value your privacy, we don’t track any of your financial information on any of our calculators. Use it as often as you like.
If you have any questions about our calculator, retirement planning or any other issue, please contact us.
It is amazing the clarity and confidence that having answers brings. This is especially important when entering into a new stage of life.
Don’t let uncertainty and lack of direction over your retirement income hold you back from living out your goals.