RRIFs

Registered Retirement Income Fund (RRIF)

In the year that you turn 71 you are required to turn over your RRSP's into a Retirement Income Fund before December 31st of that year. With a RRIF, you can convert your RRSP savings into a vehicle to provide regular income while continuing to maintain maximum control over your tax-sheltered retirement investments. The flexibility of a Radius Credit Union RRIF makes this an ideal investment and all services are provided free of charge.

  • RRIFs are offered at a fixed rate for one to five years
  • A minimum payment is mandatory at least once a year
  • Funds are tax sheltered as long as they remain in a RRIF
  • Payment amounts can e set to meet your personal needs