Plans for Retirement Income
There really is a way to keep earning a fixed monthly income even after you’ve stopped earning regularly from your job or your business. Ideally suited for those who are closer to their retirement or have just retired, an NDB WEALTH Retirement Income Account, will let you maintain your lifestyle with a regular, planned,tax free, income
Here’s how it works. Start your Retirement Income Plan with a lump sum, or transfer your current Retirement Savings Plan into your new Retirement Income Account. You decide how much CASH you need per month to live comfortably in your desired retirement lifestyle. Then, tell us how many years you need monthly payments for. We will set up a plan that will pay you the income from your retirement account monthly or set up your account so you receive part of your capital and the income monthly so your cash flow is enhanced.
You may nominate your partner to receive the monthly benefit in the event of your death before the plan expires.