Maximize Your Retirement Income
Life Income Funds (LIFs) are an essential financial tool for converting locked-in pension assets into retirement income. Serving Ontario & Alberta, we specialize in LIF management, ensuring you benefit from a tailored strategy that provides a steady and reliable income throughout your retirement.
Understanding LIFs
A LIF is designed for retirees who wish to maintain control over their investment while receiving periodic income. This account type allows you to invest and manage your pension funds, adhering to minimum and maximum withdrawal limits set by regulations.
Flexible Income
Adjust your withdrawal amounts within the legal limits to meet your changing financial needs.
Investment Control
Retain control over how your pension assets are invested.
Potential for Growth
Your investment can continue to grow, depending on market performance and your investment choices.
Tailoring Your LIF Investment Strategy
Our approach involves understanding your financial situation, retirement goals, and risk tolerance. We develop a LIF strategy that balances growth potential with the need for income, considering the unique market conditions in Ontario & Alberta.
Frequently Asked Questions
The minimum withdrawal is set by government regulations and depends on your age and the value of the LIF. The maximum withdrawal limit is also regulated and aims to ensure the longevity of your retirement funds.
Yes, any remaining balance in your LIF can be passed to your beneficiaries or estate upon your death, subject to taxation.
The choice depends on your income needs, life expectancy, and risk tolerance. Diversification across asset classes is key to managing risk and achieving a balanced portfolio.
Why Choose Agam Singh Financial for Your LIF Management?
Our dedicated advisors in Ontario & Alberta offer personalized LIF management services, ensuring your retirement savings work for you, providing a reliable income and the possibility of asset growth.
Get in touch
Secure your retirement with strategic LIF management.
Contact our experts in Ontario & Alberta for a consultation tailored to your unique retirement needs.
Phone
(647) 894 4790 - CELL
Location
2682 Islington Avenue Etobicoke, ON M9V 2X5
agams@singhfinancialltd.com
Hours
9:00AM - 04:00PM