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.
Transfer an RRSP to an investment I can continue to manage and make withdrawals from it as needed. |
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Transfer a LIRA or locked-in RRSP to an investment I can continue to manage and make withdrawals from it as needed. |
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Get guaranteed monthly income without having to worry about managing my investments. |
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Transfer funds saved outside a registered plan and make periodic withdrawals from it as needed. |
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Transfer funds from an employer-sponsored retirement plan. |
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Withdraw funds from time to time and not on a regular basis. |
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