If you’re in your 20s, you might think that financial planning is just for old people. The reality is that your 20s is one of the most important times of your life for retirement planning. Find out how starting your financial plan early can save you thousands of dollars.
Broadly speaking a letter of direction (letter of instruction)1 is any letter that gives instruction and guidance to a recipient. Letters of direction are also common in situations when somebody has passed away, and the executor requires documentation to prove they are in control of the deceased’s estate.
Annuities are one of the simplest investment vehicles one could acquire.
Simply put, when you establish an annuity 1, you are purchasing an income. Examples of annuities are, Canada Pension Plan, Old Age Security, or your retirement pension from your former place of employment.
