Loading Your Experience

Registered Retirement Income Fund (RRIF)

Just because you stop working, doesn't mean your money should

A Registered Retirement Income Fund (RRIF) helps you manage your money after retirement. It lets you make withdrawals anytime, while the rest of your balance remains tax-sheltered and continues to grow.

How it works:

  • Consolidate your RRSP accounts when you’re ready to start using your money and convert to a RRIF.
  • Open your RRIF account anytime before the end of the year you turn 71.
  • Make your first withdrawal by December 31st of the year you turn 72.
  • Withdraw as much as you need from your RRIF annually (there’s a yearly minimum that must be taken).
  • Our ACU Advisors can help guide you through this process and provide advice on how much you may need to withdraw to supplement your other sources of retirement income.

Choose from a variety of investment options including savings accounts, guaranteed investment certificates (GICs), mutual funds* or other securities such as stocks*, bonds* and ETFs*.

Featured advice and stories 

Retiring during a pandemic? Here’s what you need to know

If you’re nearing retirement, you’re probably wondering what next year will look like. Will you ever be able to retire with this pandemic happening? Should you keep working (if you can) or should you adjust your retirement plans? If you’ve just retired, should you get back in the workforce, especially if your retirement savings took a hit? If you’re unsure of what to do, you’re not alone. [...]

Estate planning with ACU

6 simple answers to make estate planning easy

Here are the some frequently asked questions and answers to help plan for the future.

Asterisk article - Finance basics: How does a TFSA work?

Finance basics: How does a TFSA work?

Here are some of the most common TFSA questions people ask when learning about the basics of finance. These will help set your foundational knowledge on the path to increase your wealth. [...]
Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc. Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.
This website uses cookies to improve your user experience. By continuing to browse the site you are agreeing to our use of cookies.