The Retirement Savings Account allows you to save money for your retirement. It is set with a monthly contribution plan from the date of signature of the account opening agreement until retirement.
The funds collected will be invested in financial products such as treasury bills, stocks, bonds, and other fixed income products in order to build a larger retirement fund for the future. At retirement, the capital and interest and/or dividends generated may be withdrawn as a periodic annuity or a lump sum payment.
The Retirement Savings Account is personal. At the opening, the account owner chooses a beneficiary to whom the principal and interest and/or dividends will be paid in case of death.
How much do I need to save monthly to get a decent retirement income stream?
