Episode 51: Why You Should Use Your TFSA for Retirement
Your Canadian Retirement Specialist
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Show Notes
Ever wondered how to make the most of your TFSA?
Did you know that you can use your TFSA to fund your retirement? Read on to learn how to maximize your TFSA.
Having enough money to retire comfortably can be daunting, but it doesn't have to be if you know how to make the most of your savings plan! While many people rely on a Registered Retirement Savings Plan (RRSP) to guide their retirement-focused savings, there is another option to consider. This alternative might be more beneficial to your financial goals.
In today's episode, I give you four tips on how you can use your TFSA to save for your retirement.
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Regan Schiller holds his Certified Financial Planner, Registered Retirement Consultant and Certified Life Underwriter designations. He is an Executive Financial Consultant licensed under Investors Group Securities Inc.Mutual funds and investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm). Additional investment products and brokerage services are offered through Investors Group Securities Inc. (in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently, and past performance may not be repeated.
LIRA regulations vary provincially. For more information on LIRA in your area, please refer to your provincial government's website. Additional information on the Canada Pension Plan and Old Age Security can be found at:
www.canada.ca/en/services/benefits/publicpensions.html.
Music courtesy of LesFM: https://lesfm.net.