Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
There are non qualified, non registered retirement savings plans. Currently, one of the most popular plans is a non modified endowment contract featuring current assumption universal life with three crediting methods to choose from: interest rate crediting, indice crediting and separate sub account crediting using equities and bonds investments.
In Canada, if a plan is a Registered Retirement Savings Plan. the the contributions are tax deductible and the plan grow tax deferred. The withdrawals are taxable and must start before the end of the year in which you turn 71 (based on current legislation)
Other tax advantaged plans can be used to save for retirement and they would be non registered.
If you would like to work with a local Retirement Planner, you could start with a Google search. For example, if you search for: retirement planner Halifax or retirement planning Halifax, my name, along with several others, will come up. You can use the same method to find Retirement Planners in your community.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
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Other tax advantaged plans can be used to save for retirement and they would be non registered.
If you would like to work with a local Retirement Planner, you could start with a Google search. For example, if you search for: retirement planner Halifax or retirement planning Halifax, my name, along with several others, will come up. You can use the same method to find Retirement Planners in your community.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.