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RRIF

Are you turning 71? Government regulations require you to convert all your Registered Retirement Savings Plans (RRSPs) to a retirement income option during the year you turn 71. You may also choose to convert RRSP funds any time before you turn 71. A RRIF is a popular retirement income option as it can be invested just like an RRSP and continues to earn tax deferred interest on the balance, even while you are regularly withdrawing funds from the principal.

Note: When you make an RRIF withdrawal from Alterna Savings, we always ensure the payment is withdrawn from your investment with the lowest interest rate (something not all financial institutions take into consideration).

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Raising a Retirement Fund

It's never too early or too late to start saving for retirement. Learn more about how you can ensure the financial future you want.

RRSP, TFSA and RESP – Where You Should Invest Your Money

RRSPs, TFSAs and RESPs are all great savings tools to help you plan for the future. We can help you figure out which one is best for you.

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A Pocket Guide to TFSAs and RRSPs

You’ve heard of both a Tax-Free Savings Account and Registered Retirement Savings Plan. Here are the key differences between these two accounts.