LIRAs Explained: EVERYTHING You Need To Know About Locked In Registered Accounts

Описание: More info on LIRAs here: https://www.parallelwealth.com/lira
Learn more about our services: https://www.parallelwealth.com/planning

A video on Locked In Registered Accounts (LIRAs) has been one of our most requested videos, so here it is! We'll cover a number of topics:
1) What is a LIRA?
2) LIRA vs RRSP
3) Accessing your LIRA early
4) What happens to your LIRA at retirement?
5) Tips and strategies to maximize your LIRA

If you have any questions about this video's topic or retirement planning in general, visit https://www.parallelwealth.com/ or use the links below to learn more about our services.

➡️Fee For Service Retirement Planning: https://www.parallelwealth.com/planning
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TIMESTAMPS
0:00 - What This Video Covers
0:51 - What Is A LIRA?
3:01 - LIRA Registration
3:50 - LIRAs vs. RRSPs
6:02 - RRSP to RRIF, LIRA to LIF
6:17 - Accessing Your LIRA Early
7:10 - LIRA At Retirement
7:48 - Life Annuity Option
8:33 - Subscribe!
9:20 - Unlocking Your LIRA
11:17 - What Does 'Unlocking' Actually Mean?
12:42 - Why Should You Unlock?
14:24 - Tips To Maximize Your LIRA
18:26 - Summary

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DISCLAIMER: This presentation is for informational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments carry risk, and past performance does not guarantee future results. Any forward-looking statements are based on assumptions and may not reflect actual outcomes.

The content on this channel is for educational purposes only and does not provide specific investment or planning recommendations. Viewers should consult a qualified professional for retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for any decisions made based on this content.