Saving & Investing for Retirement

RRIFs

A Retirement Income Fund provides you with an income stream using the money you saved during your working years an gives you the flexibility to determine the amount of income you withdraw each year from your retirement savings.  The only requirement is that you receive a minimum annual amount, according to a predetermined schedule set by the federal government.  You can increase, decrease or change you income stream any time you choose.  You only pay tax on the money you withdraw from you plan each year. 

Retirement Income Funds are convenient, income can be deposited directly into your account, we'll even help you consolidate your retirement savings into one comprehensive plan for easier management and recordkeeping.  We're always here to answer your questions and help you make adjustments to your RIF account.

To learn more about your retirement income choices, why not call or stop by today.

 

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