Investing in RIFFs

Registered Retirement Income Funds are tax-sheltered plans that pay-out your accumulated registered retirement savings plan (RRSP) assets over a number of years.

With a RRIF, you have control over the pay-out schedule, you continue to choose your investment options and the assets in the RRIF continue to grow tax deferred.

Income Payments:

RRIFs allow you the flexibility of determining your own pay-out schedule. While there is no maximum withdrawal limit, the government legislates a minimum annual withdrawal which may be paid monthly, quarterly, semi-annually or annually. The minimum withdrawal formula ensures that you'll receive an increasing percentage from the plan each year until you reach age 94, when the withdrawal is a straight 20% of the fund balance.

Investment Involvement:

You retain control of your savings and remain actively involved in all investment decisions. Brown Financial offers guaranteed interest accounts and market based funds similar to those offered through your group plan.

Contact a Brown Financial representative today, and arrange a meeting to discuss your retirement plan.