BMO Retirement Tips of the Day: Do Your Research Before Retiring Abroad & Consider the Implications Before Downsizing the Family Home

(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 02/15/12 -- As the February 29th deadline approaches to make a contribution to a Registered Retirement Savings Plan (RRSP) and as part of its ongoing commitment to improving financial literacy, BMO Financial Group will be providing daily retirement tips during the month of February from BMO Retirement Institute Head Tina Di Vito's new book .

Tip Number 29:

Do Your Research Before Retiring Abroad

Vacationing abroad and living abroad are two very different things. Before you make this a permanent part of your retirement plans, consider:

Tip Number 30:

Consider the Implications Before Downsizing From the Family Home

Whether your home is a retirement asset or a personal use asset, it is one of the largest items on your personal net worth statement. There are many reasons for considering downsizing your home: you no longer need the space after the children have moved out; you may want to move closer to family; or you may want to move into a condominium to escape more arduous chores such as grass cutting and snow removal. Before you make the decision to downsize, consider the following:

For more information on retirement:

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 15.02.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 114921
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