About Investments

Remember that the government only represents about 30% of our retirement income, the company retirement pension plan offers another 30 % and many of us do not have one. It is up to individuals to invest wisely short and long term in order to make up for the short fall if he or she would like to live comfortably after retirement without giving up some retirement plans. RRIF is registered retirement income fund that the government allows RRSP holders to transfer their RRSP to when they reach the year of roll over with minimum withdrawn payment is required.
IRA account holder do not need to roll over but minimum withdrawn payment is also required. In this article, we will list the eligible RRIF and IRA investment option.

1. RRIF account
RRIF can be invested just like RRSP
a) Canada and provincial savings bonds.
b) Federal government treasury bills and federal, provincial, and municipal government bonds.
c) Canadian mortgage and home corporation mortgages and mortgage-backed securities.
d) Corporate bonds and debentures as well as stripped bonds and coupons.
e) Guaranteed investment certificates.
f) Mutual funds shares, certain right, warrant and call options of Canadian public companies.
g) Shares listed on prescribed foreign exchanges.
h) Etc.
You can find all allowed investment options in Canadian revenue agency website.

2. IRA account
a) Residential real estate, including apartments, single family homes, and duplexes.
b) Commercial real estate and undeveloped or raw land.
c) mortgages, deeds of trusts and promissory notes.
d) Private limited partnerships, limited liability companies,and corporations.
e) Tax lien certificates and oil and gas investments.
f) Publicly traded stocks, bonds, mutual funds.
g) Private stock offerings, private placements.
h) Gold bullion.
i) Shares of Canadian-controlled private corporations.
j) Etc.
You can find all allowable investments at equity trust in IRS website.

I hope this information will help. If you need more information, you can read the complete series of the above subject at my home page:

http://lifeanddisabitityinsuranceunderwriter.blogspot.com/
http://financialinvesting09.blogspot.com/

About the Author:

All rights reserved. Any reproducing of this article must have the author name and all the links intact.
"Let Take Care Your Health, Your Health Will Take Care You" Kyle J. Norton
I have been studying natural remedies for disease prevention for over 20 years and working as a financial consultant since 1990. Master degree in Mathematics, teaching and tutoring math at colleges and universities before joining insurance industries.