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A large guaranteed pension is like having a big bond investment in your portfolio.
Not exact matches
That would result in more money being taken from paycheques, but Townson says the increase could be phased in gradually, and most people wouldn't mind since a
larger CPP
pension would be government -
guaranteed.
And given your fairly
large net worth and the fact that only a small portion of your retirement income — your CPP and OAS
pensions — is
guaranteed to last as long as you, annuities may (eventually) be a good option.