RBC Solutions
As you look forward to retiring, RBC can provide the financial solutions you need to help you overcome challenges and take advantage of new opportunities—both before and throughout your retirement. Here are just a few key solutions you may want to consider:
- RRSPs - There are a number of different investment options that can help you to maximize your portfolio's growth as you transition into retirement. Maximizing your RRSP contribution and opening a spousal RRSP (if you are married) can help you to reduce your tax burden and optimize your RRSP's growth. Whatever your situation, RBC can help you to plan and take advantage of the tax benefits that your RRSP may provide.
- Tax-Free Savings Account – The new Tax-Free Savings Account (TFSA) can be a great solution that can complement both your long- and short-term investment strategies as you transition into retirement.
- RBC Funds – Choose from a complete line-up of funds to suit every investor’s goals, including RBC Cash Flow Solutions. These portfolios are designed to provide you with stable, monthly cash flow, focusing on tax efficient solutions that maximize your retirement income.
- Laddered GICs – A Five-in-One GIC® can be an excellent way to earn higher and more stable income from GICs while still maintaining access to some of your money.
- Life Insurance (www.rbcinsurance.com) - Should anything happen to you, you want to make sure that your spouse or other loved ones could continue to enjoy the quality of life they deserve. Before you retire, it's wise to review your existing insurance to identify potential gaps and to clarify existing coverage.
- Disability Income Protection Insurance (www.rbcinsurance.com) - Protecting your ability to earn an income in the important years just prior to retirement should be part of your pre-retirement plans.
- Long-Term Care Insurance (www.rbcinsurance.com) – Plan ahead to protect your nest egg and lifestyle should you require long-term care in the future.
- Critical Illness Insurance (www.rbcinsurance.com) - Coping with a critical illness can be a financial hardship for both survivors and their families. This insurance gives you additional resources to help you focus on your recovery—without putting additional financial strain on your family.
Achieve Your Retirement Goals
An RBC advisor can help you transition into the lifestyle that you’ve been planning for all your life.
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