Filed under: Budgeting & Planning, Investing, Retirement and RRSPs, Saving
A reader writes, "Should I cash out my company pension before early retirement (at my age 55) and put the funds in an RRSP? I want a secure income in retirement that grows with inflation, which my company pension will not. What are my choices?"Here's the short answer to your question: If you want secure lifetime income, you can build your own pension plan using financial products that will both grow with inflation and provide income you can't outlive. But before you do this, you should be clear about what you've got now and what it will take to provide the security you desire.
Continue reading Should I Ditch My Pension & Put the Funds in an RRSP?
Should I Ditch My Pension & Put the Funds in an RRSP? originally appeared on Walletpop Canada on Thu, 03 Feb 2011 15:00:00 EST. Please see our terms for use of feeds.
