This is a divesting question – where can older Canadians go to get unbiased information about turning investments into an income stream?
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Our response:
Our website, GetSmarterAboutMoney.ca, provides unbiased information on a wide range of investing topics, including converting your savings to income in retirement, receiving government benefits in retirement and other topics related to growing older.
How you choose to divest and choosing your retirement income options is based on your own individual financial needs and personal financial situation. There is no one option that is right for everyone. Speaking to a financial advisor or tax professional may help you understand how these options work for you and help you make a decision.