Desjardins Credit Union home > Products and services > Savings and investment > Retirement income products

Retirement income products

It's time to retire and convert your savings (RRSPs, locked-in RRSPs, LIRAs and non-RRSP savings) into retirement income.

You are allowed to contribute to your RRSP until age 71. At age 71, your RRSPs, locked-in RRSPs and LIRAs must be converted into income.

What would you like to do?


Transfer an RRSP to an investment I can continue to manage and make withdrawals from it as needed.	Registered Retirement Income Fund (RRIF)
Transfer a LIRA or locked-in RRSP to an investment I can continue to manage and make withdrawals from it as needed.	Life Income Fund (LIF)
Transfer funds from an employer-sponsored retirement plan.	Plan under Ontario jurisdiction: Locked-In Retirement Account (LIRA) Plan under federal jurisdiction (transportation, telecommunications, banks, Crown corporations): Locked-in RRSP
Withdraw funds from time to time and not on a regular basis.	Lump sum withdrawal or series of withdrawals