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Retirement Income Options
As you will not be receiving your regular income after retirement, you need to make some after-retirement plans that will enable you to receive financial benefits and live an independent lifestyle....
As you will not be receiving your regular income after retirement, you need to make some after-retirement plans that will enable you to receive financial benefits and live an independent lifestyle. There comes the vital need of investing in a retirement income plan. Blue Umbrella Financial Services is here to offer you the best support in this regard.
RRIF (Registered Retirement Income Fund)
An RRIF is an investment program that pays out income to one or more inheritors. RRIF is a highly effective investment program to fund after-retirement income. This savings plan allows you to grow your finances without tax deductions and also provides you with a regular income stream without involving any kind of withholding taxes.
RRSP (Registered Retirement Savings Plan)
Another retirement income plan for Canadian citizens is the RRSP. This savings program too enables you to save money without any tax deductions. With the help of this savings policy, you can buy your dream home even after retirement and can help your spouse’s tax burden by splitting your income.
This savings plan allows you to convert your savings into regular income after retirement.
Tax–Free Saving Accounts
Another investment plan you can consider for generating income after your retirement is a tax–free savings account (TFSA). This savings plan offers a set of benefits, making it a suitable investment program for those who are planning their retirement and need a stable source of income after their retirement. Key benefits of investing through this saving plan through this investment program include:
- Generates income without having to pay tax for it.
- Withdraw money whenever you need and want, without any penalties.
- It allows you to contribute to your spouse’s TFSA.
- Offers a wide range of options to invest in and hence highly flexible.
Need expert help in choosing the right retirement income options? Our experts will offer the best guidance and the best financial services that will bring you maximum benefits.
Public Liability Claims
We offer insurance services for liability claims that could concur from an accident in the event venue resulting in damage or injury to a third party. If any such unfavourable incident takes place in your event venue, it will lead to massive financial damage to your establishment.You can protect your company from such an unwanted fate and attain peace of mind with our corporate event coverage insurance policies.
Would you like to know about our event coverage plans in more detail? Contact us to receive the best guidance, advice, and support from our qualified and experienced insurance and finance consultants in Ontario.
Your Trusted Financial Specialists in Ontario
Investing in reliable insurance policies is essential for protecting yourself, your family and your assets from unexpected losses or damages. Insurance plans prepare you for sudden emergencies that demand a significant amount of money. If you are looking to invest in any insurance plans and are confused about which plan to choose, we, Blue Umbrella Financial Services, are here to offer you the best support.
Get a QuoteGet Access to a Complete Range Of Insurance Services under One Roof
- Investing in insurance policies is essential for protecting your life, your family, your assets and staying prepared for any unexpected emergencies. However, what matters the most is choosing the right insurance plan that will work for you.
- We are a team of educated, qualified, and experienced insurance brokers dedicated to offering the best and most reliable financial services at affordable prices.
- Choose the right insurance plans with our support