The glory years of the guaranteed pension plan for the average Canadian worker are rapidly fading into the pages of history. As the world has become more cost conscious and price competitive, large corporations appear to be downsizing their labour force, offering contract work rather than full time employment and in many cases have simply shut down their facilities and opened up operations in countries where the labour force is less expensive.

This means that more Canadians have to be better prepared for their retirement.

Few are.

At Investors Source Wealth Management we offer a solution that ensures your retirement income is guaranteed for life.  We create personalized “pension plans”.

Let’s review a traditional retirement strategy.

Upon retirement, and no later than age 71, an RRSP converts to a RRIF (Registered Retirement Income Fund).  When the assets are in the RRIF, the investor is mandated by the government to begin to draw an income.

The years leading up to and just after conversion to a RRIF are often the most critical when planning for retirement.  Review our Top 9 Questions to consider when thinking about your retirement and what you could be facing.

At Investors Source Wealth Management, to mitigate the risk when entering the retirement zone, by offering solutions that create “pension plans” for those that don’t have them.

Our simple and straightforward process comes with these major benefits:

  • A guaranteed and predictable stream of income that doesn’t run out, regardless as to how your retirement savings perform.
  • Guaranteed income that can potentially increase in order to keep pace with inflation.
  • An annual 5% bonus that will increase your guaranteed retirement income.
  • Sustainable income that will last for your life and the life of your spouse.
  • Effective estate planning that includes guaranteeing that the income stream will flow from one generation to the next.
  • Potential creditor protection.
  • Flexibility to change your investments or get access to your savings at any time.

If you are worried about what your retirement future looks like, we can help.