Information brochure: Knowing Your Retirement Income Options 2005 (PDF 455 KB) This document requires Adobe Acrobat Reader.

A Registered Retirement Income Fund (RRIF) works like an RRSP in reverse. It converts your savings into income and lets you continue to shelter your investment from taxes after you turn age 69.

You are required to withdraw a minimum amount of income each year based on your age and government regulations.

Benefits at a glance:

• Provides retirement income for life
• Includes deposit options such as daily interest, declining terms between 30 days and 5 years, and mutual funds*
• Allows withdrawals based on declining terms directly from the term rather than having to keep funds in the daily interest option for this purpose
• Offers monthly, quarterly, semi-annual, or annual payments and can be tailored to suit your individual needs
• Permits payment schedule changes at any time

Your RRIF investment options:

Term deposits-gives you flexibility to choose a secure investment. You can have up to 100% of your RRIF holdings in one or more credit union term deposits.

Mutual funds*-gives you easy access to virtually every type of investment--at home and around the world. You can choose to hold a portion of your RRIF holdings in mutual funds.

Ethical Funds®*-gives you an opportunity to invest without compromising your values.

If you are an investor who is comfortable with making your investment decisions and would like to take advantage of a wide range of retirement investment options, a Self-Directed RRIF gives you the freedom to build and manage your own RRIF investment portfolio.

How to buy RRIF products

When you want to convert your RRSP to a RRIF, come in and talk to us.

• To invest in term deposits, please see a financial representative at any branch.
• To invest in mutual funds, including Ethical Funds®, and funds from the Credential Platinum List, arrange for a Self-Directed RRIF, or review your RRIF portfolio, call or visit us today.

*Mutual funds are offered through Credential Asset Management Inc. and mutual funds and other securities are offered through Credential Securities Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual funds and other securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds and other securities are not guaranteed, their values change frequently and past performance may not be repeated. Credential Securities Inc. is a Member-CIPF. ®Credential is a registered mark owned by Credential Financial Inc. and is used under licence. ®Ethical Funds is a registered mark owned by Ethical Funds Inc. and is used under licence.

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