Retirement: It’s all in the timing - GIC Wealth Management

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For Your Information Retirement: It’s all in the timing

Retirement: It’s all in the timing

When you were younger, you may have focused on beating the market. But when you reach retirement, you need to ensure the market doesn’t beat you. Consider a simple “bucket strategy.” If you know you’ll need $20,000 in annual cash flow, you might hold that amount in cash, in a 1-year GIC and a 2-year GIC…

An annuity is a product that works like a traditional company pension, providing reliable cash flow for life in exchange for a lump sum. Annuities aren’t for everyone, but they provide excellent protection from sequence-of-returns risk, since your income is guaranteed, regardless of market conditions.

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