Income Plus Guarantees Your Retirement Income, with an Added Bonus

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 or segregated 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. 

You're probably thinking: sounds fantastic, but what's the catch? Well, compared to other investment funds, there is a slightly greater management expense ratio (MER), in the area of an additional 0.5 percent. Also, Income Plus generally requires a minimum investment of $25,000. So yes, there is a caveat, but it is certainly worth it in the long run! You will not have to worry about market fluctuations destroying your savings, or wonder whether your retirement income will run out too early.

For these reasons, it is not surprising that Income Plus has become incredibly popular since the financial difficulties of 2008. In the United States especially, many retirees lost sizeable chunks of their income due to volatile investments. Income Plus will protect your savings in the event of such a downturn. As recession-like conditions continue, this looks like an increasingly smart option for retirement income.

So whether you are on the heels of retirement, or saving for a secure future, Income Plus may be the ideal solution for you. Speak with Gregory and Margaret Nilevsky today for more details.

416-640-2600 Office
416-697-9979 Greg Cell
416-704-1375 Margaret Cell