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Segregated funds and annuities are two products that can help Canadians reach their goals

Financial protection for the future, nest egg, retirement savings

The proposed Living Income For the Elderly program would enable retirees to turn any portion of their savings into a reliable income stream

When safety over the long term is the priority, a mix of annuities and fixed-income can help hedge against longevity risk

Insurance products such as annuities can provide valuable peace of mind for retirees, but there are drawbacks to consider

  • By: Jade Hemeon
  • September 27, 2017 February 15, 2018
  • 11:59

This "consumption gap" may lead to a less satisfying retirement

Feds launch consultation on tax proposals

The association argues that without the benefit of DB plans, Canadians face several risks in funding their long-term retirement

The newly updated mortality tables mean that the taxable portion of annuity payouts will increase for many clients. However, annuities purchased before the end of this year will be grandfathered under the existing rules

Although 94% of Canadians would like to have guaranteed income for life in retirement, 61% say they don’t understand what an annuity is and how it might help

Study suggests retirees adopt a dynamic withdrawal strategy

Without employment income to steady volatile markets, retirees often look to insurance-related products, such as seg funds and other investment vehicles offering guaranteed returns, to provide predictable income flows and benefits