Plan for today and tomorrow
You’ve spent a lifetime planning and building an investment portfolio designed to help fulfill your retirement dreams. Now that you’re at or nearing retirement, the time has come to look at options for drawing income out of your non-registered investments. Ideally, you’d like to do it all – that is, enjoy the active lifestyle to which you’ve become accustomed while savoring the satisfaction of knowing you’ll be leaving a meaningful legacy for your kids.
With an insured annuity, you may be able to do both
A portion of your conservative investments are used to purchase a prescribed annuity contract and a permanent life insurance policy. The annuity can generate a lifetime payment stream, that is partially taxable income and partially a return of capital, that pays the life insurance premiums and tax on the annuity. The remaining amount is used to supplement your income. At death, the life insurance proceeds provide a gift to your heirs or favourite charity.
Feel free to contact me or visit my website for more information.
Douglas J. Bodtcher
Investors Group Financial Services Inc.
780-448-1988 ext. 284 Douglas.Bodtcher@investorsgroup.com
Tags: money tips, Tips
