7150 Hawthorne Dr. Unit 104
Windsor, ON, N8T 3N3
Phone: (519) 974-6688
Toll Free: +1 866-973-4846
Fax: (519) 974-7192
The approach of year's end is a good time to make sure your retirement portfolio is on track. Below you'll find a retirement income check-list for those within five years of retiring, and some special last minute considerations if you are turning 71 this year.
Are you getting the most from your Registered Retirement Savings Plan (RSP)?
If you plan to retire in the next five years, use these questions as a guide:
By law, you must convert your RSP by the end of the year in which you turn 71. Here are some "time-limited" strategies:
Delay your first withdrawal: You are not required to make your first withdrawal until the end of the year after the year in which you set up your RIF. So, if you set up your RIF in 2010, you can delay the first withdrawal until the end of December 2011 - and enjoy tax-sheltered growth in the meantime.
The contents of this website do not constitute an offer or solicitation for residents in the United States or in any other jurisdiction where either Seguin Financial Group and/ or Sterling Mutuals is not registered or permitted to conduct business. Mutual funds provided through Sterling Mutuals Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus carefully before investing. Mutual funds are not guaranteed, their values fluctuate frequently, and past performance may not be repeated.
Insurance products, and other related financial services are provided by Seguin Financial Group as independent insurance agents, and are not the business of, or monitored by Sterling Mutuals Inc.
For more information, click on the following: Legal Information, Privacy Policy and Client Complaint Procedures.