More info on LIRAs here: https://www.parallelwealth.com/lira
Learn more about our services: https://www.parallelwealth.com/planning

A video on Locked In Registered Accounts (LIRAs) has been one of our most requested videos, so here it is! We'll cover a number of topics:
1) What is a LIRA?
2) LIRA vs RRSP
3) Accessing your LIRA early
4) What happens to your LIRA at retirement?
5) Tips and strategies to maximize your LIRA

If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your savings plan on track.  You can learn more about our services at https://www.parallelwealth.com/planning or email [email protected]

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OUTLINE:
0:00 - What This Video Covers
0:51 - What Is A LIRA?
3:01 - LIRA Registration
3:50 - LIRAs vs. RRSPs
6:02 - RRSP to RRIF, LIRA to LIF
6:17 - Accessing Your LIRA Early
7:10 - LIRA At Retirement
7:48 - Life Annuity Option
8:33 - Subscribe!
9:20 - Unlocking Your LIRA
11:17 - What Does 'Unlocking' Actually Mean?
12:42 - Why Should You Unlock?
14:24 - Tips To Maximize Your LIRA
18:26 - Summary

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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.