Using your retirement savings
Minimum return with no financial risk
Annuities - Guaranteed regular fixed income
Life annuity or annuity certain
- Transform your registered or non-registered savings into regular income for a set period of time or until death
- Current interest rate at the time annuity is taken out
- Index option where income payment amounts can be adjusted annually
You must convert your RRSP into an annuity no later than December 31 of the year you turn 71.