Registered Retirement Income Fund conversion resources | EquiNet Equitable Life's advisor site

Prepare clients for Registered Retirement Income Fund (RRIF) conversion season.

Clients turning age 71 must convert their Registered Retirement Savings Plan (RRSP) by December 31 of that year. This important milestone creates an opportunity to discuss retirement income needs, review existing assets and help clients transition from accumulating savings to generating retirement income.

Use the resources below to support retirement income planning conversations and complete RRIF conversions digitally through EZtransact^®.

Retirement income products
Every client's retirement income needs are unique. Equitable^® offers a variety of solutions to help clients generate income throughout retirement.

RRIF
A RRIF allows clients to continue growing their assets in a tax-sheltered environment while receiving retirement income. Benefits include:

• Flexible income options (subject to government minimums)
• Continued tax-deferred growth
• Choice of investment options
• Beneficiary designations that may help simply estate settlement

Payout annuity
A payout annuity provides guaranteed income payments and may be appropriate for clients seeking certainty and protection against outliving their savings.

Combined strategies
Some clients may benefit from combining a RRIF with a payout annuity to balance flexibility, growth potential and guaranteed income.

Resources
Converting your savings into retirement income
When it is time to convert your RSP to a RRIF
Retirement Income Fund Understanding minimum withdrawal percentages

Consolidation and Preferred Pricing opportunities
RRSP conversions provide a natural opportunity to review a client's broader retirement assets. Consider discussing: