Segregated funds and annuities are two products that can help Canadians reach their goals
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
This "consumption gap" may lead to a less satisfying retirement
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