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We spent the last few weeks talking about LIRAs and LIFs. That left readers wondering about how they can access the funds in a locked-in retirement account. The word “locked-in” in the name tell that your money can’t simply be withdrawn whenever you want. However, there are a few specific situations in which you are allowed to unlock a locked-in retirement account.
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Last week we explain locked-in retirement account, or LIRAs. You had some more questions around the withdrawal of funds from a LIRA which has led to today’s post on LIFs, or Life Income Fund.
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A LIRA is a locked-in retirement account. It is an account which holds locked-in pension funds for former registered pension plan members.
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Over the last few weeks we’ve published posts on mutual funds series.
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March is Fraud Prevention Month. The Commission will debut four new Fraud Prevention animated videos during the month. Each video will highlight a specific type of investment scam and will showcase scenarios in which our investor John is defrauded and the warning signs he could have recognized. A new video will be posted every Friday throughout March.
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Last week we continued our look at mutual funds series with a look at Series D funds. The previous week we also looked at Series A, B & C funds. This week we continue our look at mutual funds series with Series F mutual funds.
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Last week we started our look at mutual funds’ series with Series A funds and Series B &C funds. This week we continue with a look at Series D mutual funds. As we noted last week, while the series we are highlighting are the most common types of mutual funds series offered by investment firms, there is no standard by which investment firms must use letter designations for specific mutual fund classes.
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Mutual funds are one of the most pop
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One of our readers recently attended a lunch and learn about cryptocurrency. While there, the session organizers and a few of the attendees mentioned “fiat money” several times. Our reader did not know what the term meant and couldn’t understand what it had to do with finance. So, they came to us to find out.
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The assets you are allowed to keep upon entering bankruptcy differ from province to province in Canada. What province you reside in does impact bankruptcy and can change your circumstances, so you should always research your province's specific legislation.