Guaranteed Lifetime Income

March 2018 –  An increasing number of Canadians want a guaranteed lifetime income supplement in retirement to supplement their government programs. A 2018 Canadian Guaranteed Lifetime Income Study revealed that less than half surveyed were highly confident they will be able to maintain their standard of living in retirement until their estimated life expectancy (which is rapidly increasing) and almost a third aren’t confident they can maintain their standard of living. Unfortunately, retirement income conversations are largely focused around asset withdrawals, dividends or fixed income strategies (which are not tax efficient), and not all the various types of guaranteed lifetime income products that are now available.