Plan your retirement income

Have you ever thought of retirement?  What sources income you would receive when you retire and how much you have to save to have a comfortable retirement?

Sources of income

1.    Old age pension

2.    Canada pension plan (CPP)

3.    Company pension

4.    Retirement Income Fund (Converting your RRSP)

5.    Income from your investments out side RSP or RIF

6.    Rental Income if you have rental properties

Here is an interesting article about “How much money do I need to retire?” at  Canadian Finance Blog.

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