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Retirement Plans

An important part of anyone’s financial goals and objectives is to have a clear roadmap to how and when they can retire. What will this world look like? Will you be able to retire in comfort and independence or will you outlive your investments and income? Our experienced team can help shape this picture by providing a comprehensive plan to achieve your goals and objectives.

Some retirement planning options we offer include:

Registered Retirement Savings Plans (RRSP)

A legal trust registered with the Canada Revenue Agency and used to save for retirement. RRSP contributions are tax deductible and taxes are deferred until the money is withdrawn.

Registered Retirement Income Funds (RRIF)

A RRIF is a plan that is designed to provide a steady stream of income during retirement. A specific percentage of the plans assets must be withdrawn each year as income starting at age 71.

Life Income Funds & Locked in Retirement Funds (LIF & LIRA)

A Locked-In Retirement Account and the virtually identical Locked-In Retirement Savings Plan (LRSP) are accounts designed to hold locked-in pension funds for former plan members. Funds held inside LIRA’s and LRSP’s will normally only become available (or unlocked) to holders upon retirement.

At retirement, holders can convert their LIRA’s/LRSP’s into Life Income Funds (LIF) or Locked-In Retirement Income Funds (LRIF) which will provide pension income during retirement.


Guaranteed, regular income, for a selected period of time. Annuities are available in several forms. You will never outlive you money!


To set up a free consultation please contact us at:

Local: 519-679-5440

Toll Free: 1-888-734-8888

McFarlan Rowlands has 14 Locations Across Ontario.

Office hours are Monday to Friday 8:30 AM until 5:00 PM unless otherwise noted.

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