Some Canadians start thinking about talking to an advisor in their 40s or 50s, when retirement first peeks over the horizon. Life-changing events such as buying a house or having a child can also trigger a financial reckoning and the need for advice.
Choices about investments generally fall into the “important decisions” category because what we buy, when we buy, how long we hold it and when we sell can have a significant impact on long-term financial well-being.
What happens when an RRSP or RRIF owner passes away? To help provide some clarity, we’ve compiled a list of answers to some frequently asked questions.