Life Income Fund (LIF)
Convert Your Locked-In Savings to Retirement Income
Minimum Annual Withdrawal
Based on Age & Balance
Maximum Annual Withdrawal
Provincial Limits Apply
Your Path to Retirement Income
A Life Income Fund (LIF) is a registered retirement income option that lets you convert your locked-in retirement savings into a steady stream of retirement income. It provides flexibility in managing your retirement funds while ensuring they last throughout your retirement years.
Key Benefits of a LIF
Flexible Income
Choose your annual withdrawal amount within prescribed minimum and maximum limits.
Tax-Efficient
Investment earnings continue to grow tax-deferred until withdrawal.
Investment Control
Maintain control over your investment choices while receiving retirement income.
Lifetime Income
Structured to provide retirement income throughout your lifetime.
Managing Your LIF
Income Planning
Balance your withdrawal needs with investment growth to ensure long-term sustainability.
Investment Strategy
Choose investments that align with your income needs and risk tolerance.
Withdrawal Rules
Understand and plan around annual minimum and maximum withdrawal limits.
Tax Considerations
Manage withdrawals strategically to optimize your tax situation in retirement.
Estate Options
Plan for the transfer of remaining assets to beneficiaries or conversion to other retirement income options.
Optimize Your LIF
Plan your retirement income strategy
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