Question

What are RRIFs?

Interesting Question?   (5)   (7)



Answers (1)

17th Dec 2009 by Gary

An RRIF is a retirement plan or fund where you can roll over or convert your RRSP to an RRIF. The purpose is to provide retirees with a consistent income. The Canadian-based plan is only registered by the government of Canada, while not being the carrier. The fund acts like an annunity contract acts in the sense of paying out an ongoing income to the beneficiary. Holders of an RRIF are still allowed to allocate their assets in the manner they choose.

Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



29th Nov 2009 In Canada 1 Answers | 877 Views
Subjects: rrifs,

Answer This Question / Give Your Opinion
What are RRIFs?


Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *


Give Your Opinion
Where is the bank of england?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
Where is the bank of england?
Ask A Question
Get opinions on what you want to know:
Specific to any country?