Having investments is good, having a plan is even better.
With these retirement planning features, CUMIS can jump start your plan by helping you determine how much you need to save, explaining the pros and cons of investment risk, defining your sources of income in retirement and demystifying legislative terms and regulations.
Knowing your responsibilities as a plan member is a good starting point for you.
The Basics
Defining your role as a plan member and the responsibilities you accept when you join our plan.
Monitoring your personal planReviewing your investment strategy at least once per year to ensure your goals are on track.
Sources of retirement income include government plans, company-sponsored plans and personal savings.
In-depth and Hot Topics
Converting your Defined Contribution Pension Plan into Retirement Income
How to utilize and convert your retirement assets into an income stream for you and your loved ones
Save early and often – Compounding explained
Put time on your side – the advantage of saving as soon as you can.
Make the most of tax sheltering
Tax-sheltered plans, like your retirement savings plan, are a great advantage when it comes to tax savings.
Group RRSPs
Outlines the types of registered retirement plans, including Group RRSPs.
Spousal RRSPs Explained
The advantages and implications of saving in a spousal RRSP.
Locked-in RRSPs
How RRSPs become locked-in and the rules around them.