View Profile: RedRose - Canadian Money Forum

2 Visitor Messages

  1. Thank you Kevin. Take the lump sum and invest it to generate an income from dividend paying investments.
    RBC 200K in RRSPs there. 200K TD, and the pension is with PostMedia. It is 6 months now.
    The RBC proposed generate 36K from lump sum of 800K in Mutual funds. Fees on mutual funds RRSPs were 20K a year if I was reading it right the MER and management fee.
    At TD they would charge 1.25% and no mutual funds as they will transfer the RRSPs "in-kind" still works out to 10K a year in fees.
    I am stuck how to decide what to do with it all and not lose it. I dont want to outlive the funds and have the capital to pass along to my family. If I die tomorrow the pension is gone, so I think it best to take the lump sum and this is the dilemma.
  2. View Conversation
    I just got your message. The $3k/month is a good return on $500k these days. Is there any guarantees on the pension?
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About RedRose

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About RedRose
Semi-retired Public Health Nurse


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2011-10-04 10:40 AM
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