pensions

Random thoughts on retirement

Random thoughts on retirement

I seem to have writer’s block this week. Or it could be that my brain is fried because we are doing a kitchen reno and the smell of glue and the sound of drills is making it very difficult to think. So instead of writing a well-thought out piece with a beginning and an end, I decided to simply share some random thoughts on retirement. On mortality… …I interviewed Jonathan Chevreau last week for sa... »

Why locking in doesn’t make sense

Why locking in doesn’t make sense

  We are in the process of reviewing our assets in preparation for retirement in the next year or two. One thing that sticks out like a sore thumb is a locked-in retirement account (LIRA) with $60,000 that was originally opened to receive the commuted value of my husband’s IBM pension when he left the company many years ago. We would like to transfer that money into his main RRSP account in o... »