{"id":980,"date":"2021-10-04T14:16:00","date_gmt":"2021-10-04T19:16:00","guid":{"rendered":"https:\/\/www.bellvest.ca\/winnipeg\/resources\/how-to-grow-your-income-after-retirement\/"},"modified":"2025-09-17T15:53:30","modified_gmt":"2025-09-17T20:53:30","slug":"how-to-grow-your-income-after-retirement","status":"publish","type":"resources","link":"https:\/\/www.bellvest.ca\/winnipeg\/resources\/how-to-grow-your-income-after-retirement\/","title":{"rendered":"How to Grow Your Income After Retirement"},"content":{"rendered":"<h3 style=\"\"><span>Achieving a reliable retirement income is a major concern for many people these days. Canadians are living longer, with life expectancy increasing by more than 11 years in the last half a century, and expect to maintain a high standard of living throughout retirement. But how can this be funded?<\/span><br \/><span style=\"\"><span><br \/><\/span><\/span><\/h3>\n<p><span>With the right approach, retirees can do more than simply &#8216;get by&#8217; after they finish working \u2014 they can actively grow their income. Let&#8217;s take a look at how this can be done.<\/span><span style=\"\"><span><\/span><\/span><\/p>\n<hr>\n<p><span style=\"\"><!--more--><span style=\"\"><\/span><\/span><span style=\"\"><\/span><\/p>\n<h3 style=\"\"><span style=\"\">Tax-Sheltered Accounts<\/span><\/h3>\n<p><span>First of all, we need to examine tax-sheltered accounts. While accounts such as Tax-Free Savings Accounts (TFSAs) may not be retirement income sources in their own right, they are helping retirees safeguard the income they achieve leading up to and post-retirement. By protecting their returns, retirees are able to optimize the income they receive from other investments.<\/span><\/p>\n<h3 style=\"\"><span style=\"\">Exchange-Traded Funds<\/span><\/h3>\n<p><span>Exchange-Traded Funds provide a relatively inexpensive access point to the world of investment and can provide returns that help with funding retirement. In Canada, energy and natural resources provide healthy growth for ETF investors, although these markets can be volatile, so there is an associated risk.<\/span><\/p>\n<h3 style=\"\"><span style=\"\">Tailored Investment Portfolios<\/span><\/h3>\n<p><span>With assistance from family wealth advisors, you can build an investment profile that actively grows your income post-retirement. Working with expert portfolio managers removes the uncertainty and anxiety when deciding on investments, while the right approach shores up your strategy by hedging against any potential losses as the market develops.<\/span><\/p>\n<h3 style=\"\"><span style=\"\">Bonds<\/span><\/h3>\n<p><span>Bonds are relatively low-risk investments that will provide a reliable income via interest payments until the bond reaches maturity \u2014 i.e., the date at which the full value of the bond is paid off. Because&nbsp;<\/span><span comment-id=\"99885\" comment=\"You need that in the current low interest rate environment investors need to look beyond Canadian bonds to global opportunities to improve income.\" comment-author=\"Client:\" sid=\"\">of<\/span><span>&nbsp;this low risk, the returns received from this retirement income source are also relatively low level.<\/span><\/p>\n<h3 style=\"\"><span style=\"\">Annuities<\/span><\/h3>\n<p><span>Many individuals are using annuities as a means of funding retirement. When you take out an annuity, you are establishing a contract of payment between an insurance company and yourself, guaranteeing a specific rate of return on your investment. This removes much of the uncertainty regarding income during&nbsp;<span comment-id=\"99886\" comment=\"Annuities can be used in combination with other retirement income strategies as a way to avoid outlining your savings.\" comment-author=\"Client:\" sid=\"\">retirement<\/span>.<\/span><\/p>\n<h3 style=\"\"><span style=\"\">Grow Your Retirement Income with Bellwether<\/span><\/h3>\n<p style=\"font-weight: bold;\"><span><a href=\"https:\/\/www.bellvest.ca\/contact-us\/?__hstc=45788219.8414bde1e18cca053f3b4ffb4dd5a7d4.1633370085163.1633370085163.1633370085163.1&amp;__hssc=45788219.1.1633370085164&amp;__hsfp=305513881\" rel=\"noopener\">Reach out<\/a> to the team here at Bellwether and let&#8217;s get to work on making this happen for you.<\/span><\/p>\n","protected":false},"featured_media":2122,"template":"","resources-categories":[24],"resources-type":[7],"class_list":["post-980","resources","type-resources","status-publish","has-post-thumbnail","hentry","resources-categories-retirement-planning","resources-type-blog-post"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.4 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How to Grow Your Income After Retirement - Winnipeg BIM<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bellvest.ca\/winnipeg\/resources\/how-to-grow-your-income-after-retirement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Grow Your Income After Retirement\" \/>\n<meta property=\"og:description\" content=\"Achieving a reliable retirement income is a major concern for many people these days. 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