An advanced life deferred annuity may be well-suited to more conservative clients seeking guaranteed income later in life, do-it-yourself investors and people who don’t have defined-benefit pension income. erikapellini/iStockPhoto / Getty Images Financial professionals have another retirement planning tool at their disposal with the advanced life deferred annuity (ALDA), which was introduced in this year’s federal budget. The ALDA is designed to help investors worried about running out of money in retirement – and defer some taxes along the way.
Under the budget proposals, investors would be allowed to move up to 25 per cent of the assets within their […]
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