Should You Buy Back Your Pension?
Explore Pension Buyback in Canada with this informative video. Learn about Defined Benefit Plans and how pension buyback can benefit you. Discover the three buying options: cash, RRSP, and a combination. Analyze a real-life case to understand the impact of pension buyback. Explore the key factors affecting your decision, including retirement age and life expectancy. Consider additional factors like investment choices, insurance, and diversification. In conclusion, consult HR or a financial planner when deciding on Pension Buyback in Canada. Make informed choices for a secure retirement future with this comprehensive guide. #CanadaPension #DefinedBenefitPlan #PensionBuyback
▼ JOIN OUR PRIVATE FACEBOOK GROUP : / 570482730317382
▼ Willful Discount codes : 1DEGREE20
▼ Books / Tools I recommend
www.jackykuk.com/tools
▼ More Content
Watch more here:
👉Investment Tips & Trends Playlist: • Investment 2020 Trend ...
👉Real Estate Playlist: • Real Estates
SUBSCRIBE here: / jackykuk
▼ Reach Us
Instagram: / jacky.kuk
Website: www.jackykuk.com
Email: jacky.teaches.finance@gmail.com
All videos are royalty free videos from:
htttps://www.pexel.com
pixabay.com/videos/search/
www.videvo.net/
Пікірлер: 11
You can't get this info anywhere else. Thanks Jacky
My wife will hit her 85 factor 3 weeks after she turns 55, which works out perfectly. There was no need for her to buy back any pension for her maternity leaves.
What about the impact on government benefits? Clawbacks may reduce the overall monthly income
@JackyKuk
3 ай бұрын
While thats something to consider, even with a full pension a normal person will still be ways off from hitting clawback territory Delaying OAS can also help make clawback less impactful
The age factor is now 90 for omers.
@JackyKuk
8 ай бұрын
Yea unfortunately :(
you are wrong, the self invest one you only calculate the interest. the benefit plan is actually give you back the capital you contribute.
@JackyKuk
3 ай бұрын
not sure what you are talking about
@user-tm2ir1ki4i
2 ай бұрын
I think he's referring to the fact you mentioned in the video that, with a buyback, Mary's $100,000 will be gone when she dies. But if she invests the $100,000 herself, then she will still have that capital to pass on to her beneficiaries.
what's happen to your nose
@JackyKuk
3 ай бұрын
Scar from my nose job