What’s A LIRA? And How Do They Work?
If you leave your employer’s pension plan, a locked-in retirement account (LIRA) holds your pension savings until you reach the minimum retirement age.
If you leave your employer’s pension plan, a locked-in retirement account (LIRA) holds your pension savings until you reach the minimum retirement age.
By Jane SwitzerRegistered pension plans are set up by companies to provide their workers with retirement income. RPPs offer a major perk: contribution matching by employers.
By Jane SwitzerCompound interest is a way to supercharge your savings by reinvesting your earnings and building “interest on interest”
By Jane SwitzerA mutual fund is a diversified, professionally managed investment. Mutual funds pool money from a large group of people to invest in a variety of stocks, bonds and other securities.
By Jane SwitzerTrade stocks commission-free and get a $10 cash bonus
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