Retirement income planning – RRIF's

A common and very practical option for drawing income from your RRSP accumulations is the RRIF. There are a number of advantages to RRIFs:

Flexible Income Options

You have access to a wide variety of income options within a RRIF.

Adjustable Income Withdrawals

Within certain limits, you can modify the amount of income you withdraw.

Greater Flexibility Compared to Annuities

A RRIF offers significantly more flexibility compared to an annuity.

Estate Planning Benefits

Any remaining balance in the RRIF at your death can be included in your estate.

Investment Control

You have the ability to manage and direct the investments within your RRIF account.