Received my package od compny retirement accouny after job lost, what to do?

Salut Carole,

Which bank do you have your RRSP/REER and TFSA/CELI? (Quelle banque utilisez-vous?)

Did the company give the option to keep your money with the plan as well?

you have a few options.

you can have your bank/any other company sell you their products. I did say sell as that is what it is they are in it for themselves.

you can do it yourself as well by transferring the funds somewhere where you can invest your self. eg. stocks, GICs etc

lately there are companies that are kind of in between the two where they will still do the investing part for you but at cheaper prices. Wealthsimple is one, questrade has something.

look into them and see which one you are most comfortable with and go with that.

I had to do that when I left my previous employer a few years back.

Yeah they will usually give you 6mths or something with their discounted rates, then after it will go public rates. Just move the funds over to your investment brokerage, usually have to do some forms. When I was let go I had to do the same thing. I ended up transferring from Sunlife over to BMO investorline, lump sum.

xgbsSS wrote: ↑ Salut Carole,

Which bank do you have your RRSP/REER and TFSA/CELI? (Quelle banque utilisez-vous?)

Did the company give the option to keep your money with the plan as well?