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While employees have guidance on how to accumulate money in company pension plans, they have less help understanding how best to take it out, reports Benefits Canada.

Often, plan sponsors don’t talk to contributors about how and when to start drawing pension money. To see Benefits Canada’s tips for plan sponsors, read more here.

Be proactive and help your client understand their employee contribution plans.

Read:

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Most worried about retirement

Almost 90% to rely on CPP

Understanding DB pension plan contributions

Originally published on Advisor.ca

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