So we asked them, how did it make you feel when you saw your account balance go down and you started to lose their hard earned retirement savings?

 

You know it doesn't have to be that way, since 1961 there has been a simple way to create the lifetime income stream, secured, safe and you can achieve better returns with contractual guarantees in place so you can never lose money again.

 

Would you be interested in getting a second opinion on what you have?

 

First option :

 

Banks : According to the Financial Post: at this web link" Financial Post " the best RRSP or TFSA rate annually is 2.5%, remember folks inflation is at 2.4% per year. This means that you would have to enter every dollar you need just to stay even with inflation. Chances are you'll be one of the 67% of people who will never be able to retire properly or in a style they wish.

 

The second option :

Is contacting an agent who deals with investing. This is a much better option they will have between 20 and 30 available programs to assist you. Average rate of return between 6% and 8% per year.

 

A third option:

Dealing with a broker, a broker is an in-office that deals with every company in Canada they compare multiple investment companies at once and find out which one will give you the best rate. Average rate of return between 10 and 14% per year.

 

Example:

Leave $100,000 on deposit for 20 years.

 

With the bank you would have $163,861.64

 

With an agent you would have $403,873.88

 

By using a broker you would have $1,089,255.37

 

Also by using a broker you can get contractual guarantees in place where you could never lose money. 

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This is one of those times a second opinion really matters.