As we mentioned in other articles, the government only represents about 30% of our retirement income,, the company retirement pension plan offers another 30 % and many of us do not have one. It is up to individuals to invest wisely short and long term in order to make up for the short fall if he or she would like to live comfortably after retirement without giving up some retirement plan. Now you have reached your retirement age, there are some important investment options for your RRSP or 401k plan. In this article, we will discuss characteristics of non registered annuity.
An annuity is non-registered when it is purchased with funds from money other than registered plan. Payments made under a non-registered annuity contain your principal and earned interest. Only the interest portion is taxable each year.
1. Non-registered fixed term annuity
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Kyle J. Norton -
About the Author:
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?Let Take Care Your Health, Your Health Will Take Care You? Kyle J. Norton
I have been studying natural remedies for disease prevention for over 20 years and working as a financial consultant since 1990. Master degree in Mathematics, teaching and tutoring math at colleges and universities before joining insurance industries.
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