RRIF & LIF – PETER PALEY – INVESTIA FINANCIAL SERVICES INC – WWW.INVESTIA.CA/Peter.Paley banner

RRIF & LIF – PETER PALEY – INVESTIA FINANCIAL SERVICES INC – WWW.INVESTIA.CA/Peter.Paley

RRIF & LIF See our products and services Registered Retirement Income Fund (RRIF) The RRIF is an extension of the registered retirement savings plan (RRSP). It allows you to make the best use of the savings you have accumulated throughout your working life: you periodically withdraw a portion of your savings and continue to accumulate […]

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Registered Retirement Income Fund (RRIF)

The RRIF is an extension of the registered retirement savings plan (RRSP). It allows you to make the best use of the savings you have accumulated throughout your working life: you periodically withdraw a portion of your savings and continue to accumulate tax-sheltered income.

You are required by law to withdraw a minimum annual amount from your RRIF. Over and above that amount, all periodic and lump sum withdrawals are taxable. No maximum withdrawal applies.

Life Income Fund (LIF)

A LIF acts as an extension of a locked-in retirement account (LIRA). It allows you to periodically withdraw a portion of your savings accumulated in a pension fund and receive retirement income as you need it. A LIF is similar to a RRIF, except for the source of the funds and the withdrawal of a maximum annual amount.

You are required by law to withdraw a minimum annual amount and a maximum annual amount from your LIF. However, it is now possible to withdraw a higher annual income in exceptional situations.

Peter Paley is a licensed Mutual Fund Advisor in the Province Of Manitoba for Investia Financial Services Inc. You can visit his webpage at investia.ca/peter.paley

As a REALTOR in Winnipeg, I am often asked for referrals. I never hesitate to refer Peter Paley and his team as they have never once dissappointed me. I call him the magic man because if there is a way he will find it! If someone doesn’t qualify he will help they make a plan to improve their credit score. My clients have always thanked me for giving them Peter’s name and I have always had positive feedback from them! Thanks Peter for caring so much about your clients!

D'anne Hansen - REMAX

Peter is a result driven and inspiring professional. He is an innovative, customer focused, service provider that consistently strives to WOW his clients. Peter draws upon his broad network of professionals, his wealth of experience in the field, and finds a way to make you feel like you are his only client. If concierge level service, attention to detail and out of the box thinking is what you are looking for…then Peter Paley is definitely who you need to be working with.

Michael Embry Van Wyk

Peter Paley and his team were extremely knowledgeable and helpful as a first-time home buyer. I got helpful do’s and don’ts during the process as well as hot tips. I would highly recommend this team whether it’s your first time buying property or if you need someone new. Hardworking and friendly.

Leah B.

I highly recommend Peter for any of your buyer’s and seller’s needs.
Peter’s service and knowledge in the mortgage industry is second to none. I have sent him referrals and my clients are always looked after in a prompt and very professional manner. Knowing that once I make the call to Peter helps my job as I know they will be well looked after!

Sheila Jensen – REALTOR

I found Peter through Reddit. Great service. The home purchase/mortgage approval was a smooth process. Peter and his team are very responsive and always available via phone calls and emails.

S. Phrakornkham

Peter was great to work with again. I’ve worked with him before and he completely came through for me again. I wouldn’t hesitate to work with him and his team again and would recommend the same to anyone!

Neal J.

Great experience!! Peter was very helpful in helping us. We contacted him on a Sunday thinking we wouldn’t hear until the next day but we were pleasantly surprised to receive his call a couple hours after making contact with him. Professionnal on the phone. A+

Chantal and Arek Fuczyla

We first went to a different mortgage broker and was denied. We were then recommended to Peter, but I had already almost given up on my dream of owning because this kept becoming the outcome. Peter worked tirelessly at getting my documentation prepared in an extremely tight timeline. I honestly thought, “There is absolutely no way he can do this!” But yet here I am, writing this from the comfort of my beautiful new home! I finally have a backyard to enjoy for my children!
I would highly recommend him and his team, over and over again! They make miracles happen!

Charlyn A.

When looking for financing for our home Peter Paley

came highly recommended. In our time working

with him, he was a true professional, very personable and

extremely knowledgable. My wife and I would recommend

Peter to everyone…

Michael and Darlene Clark

Peter was absolutely an amazing mortgage broker. We should have gone to see him sooner. We were not getting the service we expected from a bank we had been with for quite some time. And we did not get as high of a pre-approval amount as we expected mostly because my partner is self-employed. Peter got down to business right away and asked for documentation to prove our income. He was always available and very quick to respond to our messages. Together we built a very solid portfolio, he got us a fantastic pre-approval rate/amount and in the end, we got our dream house! Thank you Peter for the work you did for us!

Janelle D. and Phil B.