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Monday Morning Quarterback - October 10, 2017

MARKET NEWS

Canada

• Sept. Unemployment remained steady at 6.2 %
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Caring for elderly parents

Are you worried about caring for your aging parents?

Do you wonder how you’re going...

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Monday Morning Quarterback - September 18, 2017

MARKET NEWS

Canada 

• August Housing Starts were up 0.6%, a 5 month high. Read More...

Monday Morning Quarterback - September 11, 2017

MARKET NEWS


Canada 


• August Employment is up 22.2K 
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Monday Morning Quarterback - August 28th, 2017

MARKET NEWS

Canada

  • Retail Sales rose 0.1% m/m in June on increases in 6 of the...

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Monday Morning Quarterback - August 21st, 2017

MARKET NEWS

Canada

  • The consumer price index rose 0.2% m/m in July...

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You might know about the deadline for closing your RRSP. But do you know what you’ll do with your money then? Maybe you’ve been saving in your registered retirement savings plan (RRSP) for decades, or maybe you only started in recent years, once the mortgage was paid and the nest emptied. But either way, there’s a RRSP deadline looming in your future, and it’s not the 1st of March: By the end of the year you turn 71, you are required by law to close down your RRSP.

What will you do with your RRSP money? Just as it took you years of discipline to save it, you’ll want to take a long-term, disciplined approach to spending it.

You have 4 main options:

  1. Take it in cash
  2. Purchase an annuity
  3. Put it into a registered retirement income fund (RRIF)
  4. Some combination of the above

Before you decide which route to take, it’s important to get all the facts plus some expert advice, because once you’ve committed to an option, you may not be able to change your mind.

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Irvine Financial

4553 Uplands Dr.

Nanaimo, BC, V9T 6M8

TollFree: 1-877-508-2288

T: (250) 390-4795

F: (250) 585-0378

E:

W: www.IrvineFinancial.com

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Our clients regularly receive current information on the economy and other financial matters.

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Mutual Funds and some Segregated Funds provided by the Fund Companies are offered through Worldsource Financial Management Inc. Other Products and Services are offered through Irvine Financial.