Retirenemnt Income
Embedded Files
Retirement income is the money you receive after you stop working.
Instead of earning a salary or wages, you rely on other sources of income
Once you retire, your job income stops—but your expenses stay. You still need to pay for housing, food, bills, healthcare, travel, etc.
Retirement income replaces your salary.
Main Sources of Retirement Income
Main Sources of Retirement Income
Government benefits
In Canada: CPP (Canada Pension Plan) and OAS (Old Age Security).
Employer pensions
Workplace pension plans offered by your employer.
Personal savings & investments
RRSP, TFSA, real estate, stocks, mutual funds, etc.
Insurance products
Annuities that pay you a guaranteed income for life.
Permanent life insurance used for tax-free retirement income.
Page updated
Google Sites
Report abuse