Okebiz Video Search



Title:NEED MONEY? CASH OUT YOUR LIRA BEFORE RETIREMENT
Duration:04:31
Viewed:5,292
Published:30-01-2020
Source:Youtube

Exploring 5 ways to access your money before 65 - How to get money out of a LIRA. LIRA stands for Locked-In Retirement Account, commonly used when transferring a pension from a previous employer. Normally you are unable to access a Locked-In Retirement Account ( LIRA ) prior to age 65. However, today we will explore 5 ways to get money out of a LIRA before before retirement. OTHER VIDEOS TO CHECK OUT: HOW TO MOVE YOUR PENSION FROM AN OLD EMPLOYER: https://youtu.be/Hp78Obm0FQE WHEN YOU SHOULDN'T USE AN RRSP: https://youtu.be/G21LW2UC4Bs RRIF BASICS EXPLAINED: https://youtu.be/t3oSdp5jiKg TFSA 2020 - TAXABLE TRANSACTIONS AND COMMON MISTAKES: https://youtu.be/8_JX36BTiGI // LINKS Please keep in mind that these unlocking rules vary depending on the Provincial and Federal regulations specific to your pension. As an example, Saskatchewan allows 100% unlocking whereas Quebec only allows unlocking at age 65 and only if your account balance is 40% or less of YMPE. If you’re not sure which one applies to you, contact your bank where your locked-in account is held or your previous employer. Here are some link to the Federal and Provincial Pension regulations so you can see which options apply to you: FEDERAL: www.osfi-bsif.gc.ca/Eng/pp-rr/faq/Pages/ulfpp-lrsp… BRITISH COLUMBIA: www.bcfsa.ca/index.aspx?p=pension_plans/index ALBERTA: www.alberta.ca/pensions.aspx SASKATCHEWAN: fcaa.gov.sk.ca/consumers-investors-pension-plan-me… MANITOBA: www.gov.mb.ca/finance/pension/faq/specific/unlocki… ONTARIO: www.fsco.gov.on.ca/en/pensions/lockedin/Pages/nonh… QUEBEC: www.rrq.gouv.qc.ca/en/programmes/rcr/CRI_FRV/Pages… NOVA SCOTIA: www.novascotia.ca/finance/en/home/pensions/faq.asp…  Weekly blog, resources & tools: theindependentdollar.com/ Follow The Independent Dollar on Twitter: twitter.com/IndepDollar // MAIL The Independent Dollar P.O. Box 85011 1250 Stittsville Main Street Stittsville, ON K2S 1X6 ***** IS THERE A TOPIC YOU WOULD LIKE TO LEARN ABOUT OR HAVE QUESTIONS ABOUT A FINANCIAL SITUATION? ***** If there is a scenario or example you would like to see, comment to let us know.

SHARE TO YOUR FRIENDS


Download Server 1


DOWNLOAD MP4

Download Server 2


DOWNLOAD MP4

Alternative Download :



SPONSORED
Loading...
RELATED VIDEOS
LIRAs Explained: EVERYTHING You Need To Know About Locked In Registered Accounts LIRAs Explained: EVERYTHING You Need To Know Ab...
20:31 | 18,351
Unlock Your Locked-In Retirement Savings Pension. Part 1 Unlock Your Locked-In Retirement Savings Pensio...
07:10 | 1,686
HOW TO MOVE YOUR PENSION FROM AN OLD JOB - Transferring my pension to a locked-in retirement account HOW TO MOVE YOUR PENSION FROM AN OLD JOB - Tran...
06:17 | 5,129
Episode 1: Taxes and Benefits in Canada Episode 1: Taxes and Benefits in Canada
04:19 | 2,479
Do RRSPs Still Make Sense? RRSP vs TFSA even on a low income Do RRSPs Still Make Sense? RRSP vs TFSA even on...
05:57 | 1,599
TFSA BENEFICIARY MISTAKES EVERYONE MAKES TFSA BENEFICIARY MISTAKES EVERYONE MAKES
11:31 | 11,732
Changes to Old Age Security in 2022 - Ask TMFG Changes to Old Age Security in 2022 - Ask TMFG
02:55 | 678
3 Retirement Benefits in Canada | CPP OAS GIS, How Do They Work? |  Retirement in Canada 3 Retirement Benefits in Canada | CPP OAS GIS, ...
13:10 | 359,064

shopee ads

coinpayu