Ready to retire? Ask your advisor these 9 questions.

YOU’VE BEEN WORKING and saving for this moment for most of your working life – now retirement is on the horizon.  But you’re not done planning yet.  In fact, there’s never been a more important time to talk to your advisor.  Start with these nine questions:

1. CPP/QPP – now or later?  The amount you receive from the Canada/Quebec Pension Plan partly depends on when you take it.  At 60, you’ll get less than if you wait until you’re 65.  Ask which option is right for you.

2. How should I withdraw from my RRSP?  It’s time to convert your Registered Retirement Savings Plan into an income stream.  Ask when to make the jump, what assets you should hold and whether there are alternatives to a Registered Retirement Income Fund.

3. What about my pension? click here to continue reading