本文发表在 rolia.net 枫下论坛Only 5% of Canadian can really retire comforably, the remaining 95% will be struggling to get by. To be one of the 5%, you need to plan ahead:

1. maximize your RRSP contribution (check your Notice of assessment, it tells you how much you can put into RRSP)

2. if you have extra dollars every month, say $50, set up an annuity (only insurance company can provide annuity service). It works like this: every month you set aside $50 and let it accumulate in a pool of money managed by insurance company's investment team. You can choose just GIC type account (no risk at all). if you think you will retire in 30 years, set up 30-year annuity account, starting the 31st year, you will receive weeklyl, by-weekly or monthly cheque from insurance company to supplement your income at that time. such annuity service is not insurance, it is investment service offered by insurance company.

3. purchase Life insurance for income earner of your family

4. You may buy new products called Critical illness insurance and/or Long-term care insurance to minimize impact of becoming ill and lossing ability to take care of yourself. In detail, Criticial illness insurance pay a lump sum of money, say $100,000 to you when you are diagnosed to have one of 18 major illnesses.

if you need detai info, send email to me: albert.yang@clarica.com

(sorry that I don't have Chinese-inputting software yet, so I have to write this message in English.)更多精彩文章及讨论，请光临枫下论坛 rolia.net