However, it might make sense to put a written income flooring plan in place in case of an unexpected death of the financial decision - making spouse. (thestreet.com)
So it might be time to hold your nose and objectively consider how some types of annuities can provide a contractual income floor. (thestreet.com)
Associate Minister of Finance Mitzie Hunter, who is overseeing the ORPP, was not made available for an interview, but in a letter to MoneySense she wrote that the ORPP «is not a replacement to personal or voluntary savings, which are still an important and essential part of the retirement income system» but rather «a secure retirement income floor for workers in the province.» (moneysense.ca)