and Annuities

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A retirement to match your dreams

Your transition to retirement is an important step in your life that requires preparation. Your financial security advisor is in the best position to guide you through this period and help you make informed decisions.

During your retirement, you’ll convert your registered retirement savings plan into an income fund or annuity to secure the income you need. These options, which vary according to the type of plan you have, allow you to withdraw funds on a regular basis.

52% of Canadians do not have a retirement plan*

The first step in developing your retirement strategy is to talk to an advisor.

*Mackenzie Retirement Reality Check 2021

Our options


Registered Retirement Income Fund

The registered retirement income fund (RRIF) is the natural extension of the registered retirement savings plan (RRSP). It gives you access to savings accumulated during your working life. Your RRSP must be converted to an RRIF no later than December 31 of the year in which you turn 71.


Life Income Fund

If your savings are invested in a locked-in retirement account (LIRA), a life income fund (LIF) allows you to periodically withdraw the funds you need to live comfortably.


Guaranteed income

Annuities provide an attractive solution if you wish to convert a portion of your savings into a fixed and guaranteed income paid to you periodically. There are two types of annuities: life annuity and annuity certain The IAG Savings and Retirement Plan’s FORLIFE series also provides you with a guaranteed income for life.

Tips on RRIFs, LIFs, Annuities and other saving plans

Your sources of income
at retirement

Things to consider when planning your retirement: government plans, supplementary pension plans from your employer and your personal savings.

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