When planning for retirement, careful planning now will allow you to live comfortably in both the present and the future.  Whether you are looking for a plan for you and your family, or a business plan, we can help find the right retirement plan for you.

         How we help our clients:
  • Setting up RRSPs, RRIFs, TFSAs, LIRAs, locked-in RRSPs, annuities and TFSAs
  • Pension roll out options
  • Group RRSPs and group benefits
  • Understanding government benefits including CPP (Canada Pension Plan) and OAS (Old Age Security)

Question #1: What is an Asset Class?

The answer is B. An asset class is a category of assets with similar characteristics.

Question #2: Tax-Free Savings Accounts have the advantage(s) of:

The answer is E - All of the above

Question #3: What practice(s) do “successful” investors identify as the secret to their success?

The answer is F - All of the above

Question #4: Most Canadians could be in retirement for longer than they worked.

The answer is True - Most Canadians could be in retirement for longer than they worked.

Question #5: At what age must an RRSP owner convert an RRSP into a RRIF?

The answer is B - RRSP owners must convert an RRSP into a RRIF by age 71.

Question #6: The benefits of a spousal RRSP are:

The answer is E - All of the above

Question #7: If your RRSP contribution room is reduced when contributing to an employers registered plan, you have no other options to shelter your savings from taxes.

The answer is B - False

Question #8: Canadian men contribute less frequently to their RRSPs than women do, but deposit more.

The answer is A - True

Question #9: . If your spouse is the successor annuitant on your RRIF policy, your spouse will assume ownership of the policy and the payments will continue when you pass away

The answer is A - True

Contact Thierman Financial Today - 306-922-2577