Time to Retire?

Where to start

Use Canada Life’s “Road Map to Retirement”

This handy checklist provides tips and action items to make sure you’re ready when the time comes.

CEIRP RRIF

Through CEIRP, you have access to a group registered retirement income fund (RRIF) that can help you transition into retirement and turn your hard-earned registered retirement savings of $10,000 or more into a flexible source of retirement income.

Other retirement income options

You may also be able to use a combination of the following options, depending on where your savings are currently:

• Annuity (PDF)
• Locked-in retirement income fund (PDF)

Combine your savings

If you haven’t already done so, consider combining other savings you have into your CEIRP RRSP or TFSA. It’s more convenient and you’ll typically pay lower fees compared to retail investments.

Learn how to combine/transfer savings

Learn more about government programs

Make sure you understand what you can expect in retirement from government programs such as CPP/QPP and OAS.

• Canada Pension Plan
• Quebec Pension Plan
• Old Age Security program

To discuss your retirement income options, call Access Line at 1-833-531-6418, Monday to Friday from 8 a.m. to 8 p.m. ET, and ask to speak with one of CEIRP’s dedicated Investment and Retirement Managers.

CEIRP now has its own dedicated team of Investment and Retirement Managers at Canada Life. They’re here to help you with those tough decisions about your savings and investments. Contact someone today.

Whether you’re just starting out, retiring or somewhere in between, these specialists can help guide you along the way with personalized service and support. They can help you:

• Create a plan

• Decide how much to save

• Combine your savings, and

• Fine-tune as your life changes, up to and beyond your working years.

Contact your team today!