By their nature, the Canadian people are a very hard working lot. They work very hard at their job and pay the necessary tax to the federal and state government as their share of contribution to the country as well as their fellow citizens. All through these years, they contribute a portion of their hard earned income to secure their financial independence during retirement years. A portion of this is going to be in social insurance managed by the government controlled authorities.

In addition to your social insurance, you must secure a few other income sources to be tapped during your retirement years. A steady lifelong retirement income streamcan help you to accomplish everything that you want to do in your retirement years. As human beings are staying healthier in to their eighties and nineties, it is really important on your part to plan wisely and secure retirement savings for at least 20 years of retirement time.

You can allocate a portion of your retirement savings in to guaranteed-for-life income generating investment opportunities and the remainder in to variable income generating investment opportunities. Obviously, the former will ensure safety while the latter will help you to enjoy what the world has in store for you.