Locked-in Retirement Account or LIRA

Chances are, that if you are nearing retirement age in 2019, you may have had the privilege of receiving a pension from your employer. Now seen as a financial unicorn for new grads entering the workforce, at one time it was commonplace for employers to offer a pension plan. With so many baby boomers invested in pension plans there can be a lot of confusion on what to do once you switch jobs and near retirement age. Gone are the days where pension plans are commonplace, but there is still a...