Not exact matches
Roughly 32 % of Canadians have a workplace
pension plan, of which a smaller percentage have a defined benefit
pension plan (versus defined contribution) which guarantees
certain payouts in retirement.
You may also be able to transfer
certain retirement accounts, such as your IRA, 401 (k), or lump - sum
pension plan
payout.
However, if the
payout from the
pension fund is not enough or if the person needs regular
payouts at
certain stages of life to meet future expenses, then the monthly investment plans need to be looked at.