How to make sure you have enough money to fund your RRIF withdrawals
16-04-2025 17:51 via moneysense.ca

How to make sure you have enough money to fund your RRIF withdrawals

After decades of using registered retirement savings plans (RRSPs) to reduce taxable income, it can come as a shock to discover the shoe will one day be on the other foot. At the end of the year you turn 71, you have to either cash out your RRSP (not recommended), annuitize it or convert it into a RRIF, a registered retirement income fund. Also readThe best online brokers, ranked and comparedRead nowWhat should you do with your RRIF?The latter is the most popular action. In a recent TSI Wealth N
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