Women’s Wealth Canada Blog

Leaving a job doesn’t mean leaving your pension behind—but figuring out what to do next can feel confusing.

In this post from an episode of the Women’s Wealth Canada Podcast, Glory Gray walks you through what happens after you take your workplace pension as a lump sum and transfer it into a Locked-In Retirement Account (LIRA). We talk about when you can unlock your pension, how a Life Income Fund (LIF) works, when a life annuity might make sense, and how provincial rules affect your options.

Most importantly, we explore how thoughtful retirement income planning can help you turn your pension into steady, tax-efficient income that supports the life you want to live—without running out of money too soon.

If retirement is on the horizon—or you simply want to understand your pension options with more confidence—this episode will give you clarity and practical next steps.