When we talk about age, we usually talk about a specific number. But if we talk about life’s stages, the numbers don’t really seem to matter. Instead, it becomes the “at school stage,” the “single stage,” the “new house, young kids stage,” and so on.
Why is it important to have an estate plan? To ensure a simple, tax-efficient and organized transfer of your assets to loved ones when you’re gone.
You may convert your Retirement Savings Plan (RSP) to an income plan at any time, but must do so no later than the end of the year in which you turn 71.
There are many definitions for retirement planning. The most common is: “In a financial context, refers to the allocation of finances for retirement. This normally means the setting aside of money or other assets to obtain a steady income at retirement.”
Depending on your situation there are different types of annuities that can be used.
There comes a time when you have to think about these things
