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Accessible Cash Flow---That's Most Important InThese Times.
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Critical Illness Insurance--The RRSP Protector
Guaranteed Income Needed?--Consider a GIC Alternative
Insurance for Children
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My Blog

June 2016

GUARANTEED INCOME NEEDED? Is a GIC your only option?

I met with a prospective client recently who had some cash but wanted a guaranteed income stream for the next few years with no market risk.  She was considering a 5 year GIC as it seemed the best option she had seen for her situation.

As a 64 year old, she did not want to risk any dips so she had ruled out investing in the markets. She had specific income needs and the 1.5% rate her bank quoted her for her $100000 was lower than she was expecting.  That would be $125/month in interest payments which is well below the $300/month she had hoped to get.
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