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[ad_1] As you know, of course, annuities and GICs are not the same thing. An annuity provides a guaranteed income for life, or a set time...
[ad_1] First, remember the money in your locked-in retirement account (LIRA) or LIF is money intended to provide you with a lifetime income. Upon leaving your...
[ad_1] When you give cash or assets to a family member to invest, there may be attribution of that income back to you. Attribution causes income...
[ad_1] They’re locked in because they are intended to provide income throughout your retirement, so you are limited in how much you can withdraw each year...