Older employees in provinces without mandatory retirement should be cautious about mentioning planned retirement dates, especially if they suspect the company is planning to end the relationship. (toronto-employmentlawyer.com)
It also guarantees regular income on the purchased annuity and offers freedom to plan the retirement date suitable to the customer. (policybazaar.com)
For example, if you have 40 years until your actual planned retirement date and the target fund you have selected does not touchdown into a retirement income fund until 10 years after the target date, the conservative play would be to select a retirement date target fund only 30 years in the future. (aaii.com)