Retirement Savings

By the Time You Have a Colonoscopy It’s Too Late

Get a colonoscopy, if your Doctor recommends it. However, if you only start thinking about your retirement when he tells you that, you are late.

The 4% draw down theory for withdrawing money from your RIF (your RRSP once you have changed it) has some interesting issues if you live too long.

The 4% draw down theory is that when you retire you withdraw at least 4% of your retirement savings each year (normally), but is that normal?

Jumping to conclusions, especially financial conclusions can be quite hazardous to your savings, as well as your well being in general.

Should you leave your money in your company’s pension ? Most plans offer a “cash out” capability so the question is pension or LIRA ?