For one reason or another you may find yourself changing jobs. This creates an excellent opportunity to transfer your pension into a Locked-In-RRSP (LIRA).... ( read more )
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When it comes to managing our finances and preparing for retirement, one of the most important decisions we have to make is how we want to receive our pension payments. For many people, transferring their pension is a popular option that can provide increased flexibility and better returns. In this article, we will explore some of the pension transfer options available and the benefits and risks associated with each. Option 1: Transfer to a Self-Invested Personal Pension (SIPP) A Self-Invested Personal Pension (SIPP) is a type of pension scheme that allows individuals to invest in a wide range of assets, including stocks, shares, and p
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