Registered Retirement Income Fund (RRIF)
A Registered Retirement Income Fund (RRIF) is the vehicle you roll your RRSP into once you turn 71.
Each year you are required to withdraw a minimum amount from your RRIF after you turn 71. This amount is based on a calculation including your age, market value of the RRIF and the CANSIM rate.
Opening a Self-Directed RRIF at Caldwell Securities Ltd. allows you to invest in a wide variety of investments including equities, bonds, mutual funds and GIC's.
To have a Caldwell retirement planning specialist contact you, please click here.