Locked-in Retirement Income Funds
Locked-in Retirement Income Funds (LRIF)
It can be confusing to know what to do when you are ready to take that important step of converting your Locked in Registered Retirement Savings (RRSP, Pensions, etc.) into a Retirement Income Fund.
All Locked in RRSPs /Pension Plans must be cashed-in or converted to income by December 31 of the year when you turn 71. You can choose to do this earlier, if you want.
At Jones Deslauriers Blevins Insurance Group Inc., we can help make this transition smooth and stress free. There are numerous options and we can help you decide which is the right one for you. Our dedicated team of investment professionals will ensure that you make the right choice and give you “ Peace of Mind” in your retirement years.