Earn a great return on your retirement savings with Achieva’s Registered Retirement Income Fund (RRIF) Savings Account.
At age 71, Canada Revenue Agency (CRA) requires you to convert your RRSP to a Registered Retirement Income Fund (RRIF). If you already have an RRSP with Achieva, the transition to a RRIF is simple, with your retirement savings remaining sheltered from tax. RRIFs at other financial institutions can also be easily transferred to Achieva, maximizing your interest earned and simplifying your income stream during retirement.
Your Achieva RRIF Savings Account keeps your funds accessible and provides a secure source of income during retirement. A RRIF allows you flexibility and self-direction of your income in retirement. When you open your RRIF, establish a payment schedule that works for you.
All deposits guaranteed without limit by the Deposit Guarantee Corporation of Manitoba.