CELI | Services financiers - Épargne individuelle | Lussier Dale Parizeau

LRSP – LIRA

An LRSP and an LIRA allow you to invest your RPP savings if you leave your job.

If you leave your job and you are under 55, you have the option to transfer your Registered Pension Plan (RPP) into a Locked-in Retirement Savings Plan (LRSP) or a Locked-In Retirement Account (LIRA). The choice depends on whether your RPP is subject to federal or provincial regulations.

Please note that you cannot contribute to an LRSP or an LIRA. Moreover, funds can only be withdrawn from these accounts by transferring them to a Life Income Fund (LIF) or a life annuity.

Finally, all these plans are protected from creditors.

It is important to take into account the following elements:

  • Minimum and maximum annual withdrawal amounts
  • Best time to start making withdrawals
  • Amount that can be “unlocked” each year
  • Transfer options for the RPP

Thinking of opening an LRSP? Talk to one of our financial security advisors! They will inform you on the best strategies for your situation and advise you to help you maximize your income sources in retirement.

 

CONTACT OUR ADVISORS NOW!

 

5 reasons to choose Lussier Dale Parizeau

  • 1

    Peace of mind
    Our brokers and financial security advisors have a solution for every situation that takes into account your age, your occupation and your personal needs to protect your quality of life and your financial stability.

  • 2

    Our service
    Your Lussier Dale Parizeau broker is at your service every step of the way, from quote to claim.

  • 3

    Competitive costs
    Thanks to our vast network of insurers, your Lussier Dale Parizeau broker can help you get you the best coverage and make the best investments to safeguard your assets and your lifestyle.

  • 4

    One-stop shop
    Save time and avoid insurance overlaps by entrusting your personal insurance and investments to a broker that knows you well.

  • 5

    Leadership
    Isn’t it reassuring to deal with a prestigious and stable firm that has been standing by its clients’ side for decades?

Your email address will not be published.
Required fields are marked with *