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Turning 69?

 Did you turn, or are you turning 69 this year?
Under the rules governing registered retirement savings plans (RRSPs) you must collapse these plans by the last day of the year during which you turn 69.

This means you must convert your current plan to a vehicle geared to provide income.  The most common options chosen by investors are registered retirement income funds (RRIFs) and life annuities. 

But how do you decide which is right for you? 
Consider the following:

My income needs.

My investment choices.

My tolerance for risk.

 

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Please Note: 
This website is intended for informational purposes only and is not intended to provide financial and/or insurance related advise.  Please contact Angela Knight van Schaayk, Associate prior to making any decisions based on information obtained from this site.