Finance & Insurance Tips

It’s RRSP Season: Are You Ready?

Monday, February 13, 2012

Income Plus Guarantees Your Retirement Income, with an Added Bonus

Have you ever sat down and asked yourself a question: how will you be making a living after retirement? How much money will you need, and how much will you have to spend? When it comes to retirement, everyone wants to save up a nice sum of money to secure their rewarding futures. We all dream of having the highest possible returns for the lowest possible risk. This was simpler in the good old days when safe investments were easy to come by. But today's financial markets have unfortunately become quite shaky. In this kind of investment climate, it is essential to make smart decisions to ensure a steady stream of income at your retirement. Many people have placed their hard-earned money in risky mutual funds, but these funds are not guaranteed to grow! In fact, your savings can take a negative dip if the investments perform poorly. So how can we still live our dreams of a high-return investment with the lowest possible risk?

A wonderful solution comes in the form of an Income Plus Guaranteed Investment Fund (GIF), introduced in 2007 by Manulife Financial. With this investment, your money is guaranteed to grow by at least 5% every year! Regardless of how the market performs, your investment receives a 5% bonus even if you invest the money on the very last day of the year!

Better yet, if the markets improve, your base is recalculated every 3 years to further increase your income. With Income Plus, there is virtually no risk of losing your hard-earned capital, and your money is protected from market downturns.

The only potential caveat to Income Plus is that it generally requires a minimum investment of $25,000. But not to worry - there are many incredible RRSP options available today! Greg and Margaret Nilevsky can find the ideal solution for you, one that will grow your money and protect it from market fluctuations.

So whether you are on the heels of retirement or preparing for the years ahead, now is the time to set up a lucrative RRSP fund. Not only will you be able to save up for a wonderful and secure future, you'll also be saving a huge amount on taxes. Rest assured that your finances are in great shape - speak with your insurance brokers, Gregory and Margaret Nilevsky, today to discover the perfect plan for you.

Call now - tomorrow could be too late!

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