Make Your Golden Years Truly Golden.
It is never too early to save. Retirement is a part of life, just like education, and family. Ending your work life can be difficult, especially if you haven’t planned or if you’ve been hit hard by a volatile stock market.
Whether you have years ahead of you or you are about to retire, it is a good idea to plan for retirement well in advance. Top reasons to have a retirement plan:
- Goal setting – A plan helps you plan when you want to retire and what lifestyle you would like to have
- How much – Retirement planning with a trusted financial advisor at Ottawa’s Majdoub Group Financial Services helps you decide how much you want to save for your golden years so that you can live comfortably.
- Investments and Savings – Your retirement advisor can help you decide which instruments to invest in so that you can have funds set aside for retirement.
At Majdoub Financial Services in Ontario, helping people plan for retirement is our passion. It means you’ll get the most out of life and you won’t need to constantly worry about money. We help you decide your financial goals based on your age, lifestyle, savings and government benefits. To help you get there, you’ve got a few choices: Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF), Guaranteed Retirement Income for Life, and Retirement Income Boost.A Registered Retirement Savings Plan (RRSP) is a tax-sheltered plan designed to save for retirement whereas aTax-Free Savings Account (TFSA) is a savings plan where your savings grow tax free. Making sense of different instruments and plans can be overwhelming. Canada retirement planning advisors at Majdoub Group Financial Services can help you understand the available options with respect to your personal goals and financial situation.
No market. No problem. It’s Guaranteed, for life.
Protect Your Retirement With A Plan That Provides Peace-of-mind.
Whether you are already retired or saving for retirement, Guaranteed Retirement income may be the solution for you.
If you are retired, with guaranteed income you’ll know exactly how much income you will receive, every year, for life. If your retirement is still years away, you can invest in this product today and use it to accumulate wealth before you start withdrawing income.
How it works
When you invest your money in the Guaranteed Retirement Income Fund, you are guaranteed to receive a predictable annual income, starting the year you turn 65. The guaranteed retirement income will continue for as long as you live.
The year you turn 65, you can start withdrawing your guaranteed retirement income for life. The amount you’ll receive every year for as long as you live* is equal to 5% of your Income Base. It is called the Lifetime Withdrawal Amount.
That income is always protected from market downturns and it will continue even if the value of your investment goes to zero.