Here’s A Flexible and Secure Investment Strategy
You can create a carefree retirement strategy, with no risk of running out of money, by purchasing an annuity. These safe investments are financially backed by Canada’s insurance companies. They allow you to simply enjoy life, with a guaranteed monthly income and no worries about managing your money.
You can buy an annuity with money from your RRSP, RRIF or a non-registered account. The money is returned to you, with compounded interest, in regular payments for a set number of years, or for the rest of your life. You can receive these payments monthly, quarterly, semi-annually or annually.
Your annuity income is calculated when you purchase it. Payments are based on factors such as interest rates, your gender, how long you’re expected to live, the amount you invest, and the length of time your payments are guaranteed.
Ask your Carte Financial Planner to help you develop the most ideal plan. Once you buy an annuity, you can’t make any changes to it.
The shorter the guaranteed term, the higher the amount you will receive as income. You can also choose for your annuity payments to continue supporting your spouse or dependent children after you die.