Pension Transfer Maximization
No one knows better than you how unsettling it is to ride the “will my pension be enough?” emotional roller coaster. Especially during the past five years with talk of pension underfunding rearing its ugly head far too often in the media.
And who can blame you for wondering what the future holds?
After all, the inescapable reality of retirement continues to creep forward. Maybe you are five years out. Perhaps even closer. Or maybe you're just pondering your retirement future.
One thing’s for sure
Once considered a sacred cow, pension plans are undergoing radical changes as companies struggle to make up their shortfalls.
As of March 31, 2012, the Office of the Superintendent of Financial Institutions Canada (OSFI) had 115 pension plans on its “watch list” due to their weak financial condition.*
Hopefully, yours is not one of them.
But it is a clear wake up to those facing retirement the time has come to look at solutions to ensure your future shapes up like you planned.
And for many prudent investors, Pension Transfer Maximization is fast becoming the solution of choice.
Here’s why…..
When you’re 50 – 55 years old, you simply may not be ready to retire.
Maybe you’re thinking about doing some consulting here at home or in a tax-free environment like Dubai for example?
Perhaps you want to start a business or help fund an existing start-up?
Could be the thought of moving to a new firm where you can continue climbing the corporate ladder interests you?
Or maybe you want to pursue an alternate career path?
Regardless of what your future plans include, you want to have the confidence that goes hand-in-hand with a pension solution that is designed to withstand the uncertainties of today’s unpredictable economy and give you the flexibility you need for your changing lifestyle.
Pension Transfer Maximization delivers
More and more, investors are taking action to avoid the fear of having to worry about their pension collapsing during their retirement.
In short, they are taking charge of their financial future for their retirement.
And you can too!
Depending upon your unique situation, Pension Transfer Maximization may offer you the option to:
- Take the Commuted Value (i.e. present value) of your Pension
- Transfer your Pension into an Individual Pension Plan
- Transfer your Pension into an Annuity
The bottom line – you’re taking control.
As a first step, contact us today.
That way, you’ll gain insight into how you can best use Pension Transfer Maximization to the fullest advantage.
*Source: http://www.osfi-bsif.gc.ca/app/DocRepository/1/RA/1112/eng/p19-eng.html