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  • LIRA investment

    ... He recently parted ways with his employer and decided to have the employer buy out his pension. He currently has $300k CAD sitting in his DI LIRA. He is only 47 and trying to figure out what to invest this in as a couch potato strategy. He is comfortable with some risk, but hopes to double ...

    • Navon01
    • Jun 12th, 2021 8:21 pm
    • Forum: Investing

  • Registered pension plan or LIRA

    ... have the option to transfer to a personal account with the institution or transfer the locked-in amount to either institution (Institution #2) or LIRA of my choice at (Bank #1) Institution #1 - plan group administrator Institution #2 - employer's prior plan group administrator before pension got ...

    • drey
    • Sep 3rd, 2020 8:59 pm
    • Forum: Personal Finance

  • Lira Where?

    Hello, you need to set up a lira, which financial institution is your pick? I want to keep it in an account as closest to cash as possible until around the new year.

    • Russ55
    • Jul 7th, 2020 7:29 pm
    • Forum: Investing

  • airport transfer at IST and Turkish lira

    We are going to IST on Nov 4. suggestions for reasonable transfer from IST airport to Golden Horn area hotel and buy Turkish Liras. We are on an organized tour (land Only) need some liras for tipping, occasional coffee or local transportation. Thanks

  • Transferring funds from LIRA & RRSP

    deleted

    • mastereh
    • Jun 28th, 2019 10:47 am
    • Forum: Credit Cards

  • Tax hit on Lump sum payment during LIRA transfer

    ... pension plan with ex employer and was hit with a huge number tax. For example if commuted value was 1,50,000, only 100000 could be transferred to LIRA, rest had to be taken as cash. So out of 50K, I only got 39K, $11000 was scooped up by Govt. Of Canada. So much for encouraging people to save ...

    • Louking
    • Apr 21st, 2019 9:12 am
    • Forum: Personal Finance

  • Best place to open LIRA for about 70K?

    What's your advice to transfer a DC Plan to a LIRA worth about 70K?I'm looking at promotions for the RRSP season but can't seem to find any that apply to a LIRA.Ideally, I would just park it in VGRO or some very low cost ETF.Please DM me or respond here with suggestions.Thanks RedFlaggers!

    • ouaouaron
    • Feb 20th, 2019 3:33 pm
    • Forum: Personal Finance

  • LIRA vs "DBP" pension

    Hey folks, My wife has a choice to make as to whether she keeps her (quasi) DBP or chooses to port her pension commuted value into a LIRA. Wife is age 34. Worked under 10 years for employer (government). Due to employment duration she is not eligible for health/supplementary benefits. She ...

    • riffr aff
    • Feb 4th, 2019 10:55 am
    • Forum: Personal Finance

  • Is it possible to split LIRA acct

    Does anyone know if I can take a LIRA and split it into two different accounts?

    • RyanS219
    • Jan 30th, 2019 10:30 am
    • Forum: Investing

  • LIRA questions

    My last job had a small pension that I need to transfer out (current job doesn't have a pension). I'm supposed to put about 80k into a LIRA. 1) Is there a max amount I can put into a LIRA without incurring penalties? 2) Do LIRAs affect contribution room for RRSPs in any way, or are they totally ...

    • fisher44
    • Jan 16th, 2019 5:59 pm
    • Forum: Personal Finance

  • LIRA question

    Hey guys, I left my previous employer and had a pension plan. They transferred the full amount into a LIRA account. It’s about 30,000$. I’m currently 35 and I’m going to have to stare at that money until I retire which is in about 30 years. There must be a way for me to use ...

    • Caps1983
    • Dec 21st, 2018 9:35 pm
    • Forum: Personal Finance

  • LIRA unlocking in BC-PLEASE HELP!

    ... while working and I called the union, applied and I am still waiting. But today I called to ask the status of my request they told me about LIRA (its the same term in different wording for RRSP I assume) and that I won't be able to withdraw the money like I wanted to. Like I mentioned, I'm ...

    • vbskfbsjvbsl
    • Aug 9th, 2018 4:38 am
    • Forum: Personal Finance

  • Need help with LIRA Transfers

    Lira Ontario: Example... Are you able to transfer 30% of a LIRA into a LIF and then transfer/unlock 50% of the LIF? I need a solid answer. I'm desperate for a solid answer from a LIRA expert or someone! I've been getting mixed ...

    • n3o321
    • Jul 25th, 2018 9:18 am
    • Forum: Investing

  • LIRA Option

    I have left my past employer and have the option to convert my pension contributions to a LIRA. I currently have self directed investment accounts for RRSP and RESP with CIBC. Question: Could I transfer my pension to a LIRA at CIBC and then trade stocks with that amount ...

    • ronatola
    • May 28th, 2018 8:46 pm
    • Forum: Personal Finance

  • LIRA --- what would you do in my situation?

    I've released from the Army reserve, and I have the right to a transfer value for my pension benefits. One option is to transfer the amount to a LIRA. The amount is very small --- $900. I'm in my early 30s, I won't need or have access to it for another 30 years or so. I was thinking of putting ...

    • John47
    • Apr 21st, 2018 6:44 pm
    • Forum: Investing

  • Question about LIRA

    Is LIRA just a phrase for describing multiple types of locked in retirement options? I need to open a LIRA account with TD. Is a LIRA a specific type of account? Do any of the five banks have a self-directed LIRA account? thanks for any help

    • Supperfly
    • Feb 19th, 2018 11:05 am
    • Forum: Investing

  • Are there any good deals going on for transferring LIRA account

    I need to set up a new lira account to transfer money but can not find any deals other than at Scotia. They are offering $200. Does anyone know of a better deal?

    • AdsJoint
    • Jan 11th, 2018 11:40 am
    • Forum: Investing

  • Income question for financial hardship while unlocking LIRA

    I'm not working, and the only income I've had this year is from selling stocks and interest. I'm wanting to unlock some of my LIRA under the financial hardship clause, but am wondering what counts as income. Is it the capital gains portion of selling stocks, or the entire profit value? ...

    • User076820
    • Nov 11th, 2017 10:29 pm
    • Forum: Personal Finance

  • transfer of LIRA from RBC to another institution - delays

    I have a LIRA account with RBC and recently (at the beginning of October), I put in a transfer request. (it was done by CIBC and I didn't go into a RBC branch) I called RBC and they still don't have record of having received this ...

  • Opening LIRA as non resident

    Hi all, looking at options for transferring a commuted value pension into a LIRA/RRSP. Quick run down, Canadian citizen, currently US permanent resident, when I received my gov't pension options ( 13+ yr's) there was a transfer value option which requires a LIRA. ...

    • ibex
    • Oct 21st, 2017 11:58 pm
    • Forum: Personal Finance

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