Registered Retirement Savings Plan

: No family, no friends, no English, according to The Toronto Star. We worked hard, and now I can lose it all because of lack of knowledge and bad advice, she said. We had $25 in our pocket. Her husband, a registered nurse, was close to retirement when he died of cancer last year. She could receive a $3,000-a-month pension for the rest of her life, or she could convert the pension to a $736,000 lump sum and transfer it to a registered retirement savings plan to defer taxes. The 59-year-old widow had to decide what to do with his inflation-protected Healthcare of Ontario Pension Plan. (news.financializer.com). As reported in the news.