Secure Your Retirement Income with a RRIF.
Enjoy flexible and reliable income from your savings.
Transitioning into retirement should be a time of excitement and peace of mind, and managing your retirement income effectively is key. At connectFirst Credit Union, our Registered Retirement Income Funds (RRIFs) provide you with a steady income stream while allowing your investments to grow tax-deferred. With competitive rates, personalized support from local financial advisors, and flexible withdrawal options, we help you navigate your retirement years with confidence.
- Steady Income. Receive regular payments from your RRIF, ensuring you have the funds you need for your retirement lifestyle.
- Tax-Deferred Growth. Your investments continue to grow tax-deferred within the RRIF, maximizing your savings potential for future withdrawals.
- Flexible Withdrawal Options. Choose how much you withdraw and when, tailoring your income strategy to fit your needs.
- Local Expertise Our knowledgeable team in Alberta is dedicated to helping you make informed decisions about your retirement income, providing personalized advice and support.
How does it work?
A RRIF is a registered plan that allows you to withdraw a portion of your retirement savings each year while keeping the remainder invested. You must start withdrawing funds from your RRIF by the end of the year you turn 71, but you can choose the amount that works for you. This flexibility helps you manage your retirement cash flow while still allowing your investments to grow.
Let's talk ➜Take Control of Your Retirement Income
Ready to secure your retirement with a reliable income source? Connect with our local advisors today to learn more about RRIFs and how they can fit into your retirement plan. At connectFirst, we’re here to support you every step of the way.