If you are one of the lucky Canadians that have a defined benefit pension plan from your employer and you have had the good sense to stay with one employer for a long time then you have some options to consider when it comes time to retire or if you have been downsized recently.
Before you sign on the line and start taking your pension, take the time to understand what your options are and then choose wisely because once you sign the papers, you can't undo the decision in the future.
Here's a great article from one of the companies we work with: Should I keep or commute my defined benefit pension plan? Read more...
If you have a question, please give us a call and we can walk you through a more comprehensive review of your options.
We can help you create a guaranteed and predictable cash flow from your portfolio in the most tax-efficient manner to ensure you never have to worry about running out of money.
Want to retire in the next few years? Click here to Book an Introductory Meeting
Retirement Income, Investment & Tax Planning,
Willis J Langford BA, MA, CFP
Nancy Langford CRS
587-755-0159
