A few things to consider when choosing TD Mutual Funds Life Income Funds (LIFs) and TD Mutual Funds Locked-In Retirement Income Funds (LRIFs)
- Your age upon converting your Locked-In Retirement Account (LIRA)/Locked-In Retirement Savings Plan (LRSP)
- Your overall financial situation
- Your specific income needs from the funds in your LIRA/LRSP
- Your need for flexibility
- Your estate planning needs (what you want to pass on to your beneficiaries)
- Your concerns about the value of your money in coming years (inflation)
- Your lifestyle expectations
Drop by any TD Canada Trust branch. We'll help you explore your options and create a personalized solution.
Even if you still have many years before you plan on retiring, we can help map out your retirement income options, and help you decide what will best suit your needs when you retire.
As Locked-In plans are governed by provincial and federal pension legislation, we recommend you visit your local TD Canada Trust branch or call 1-800-281-8029 for guidance about your specific situation.
Whether you choose a TD Mutual Funds LIF or LRIF, you'll enjoy control, flexibility and convenience.
The advantages of a TD Mutual Funds Life Income Fund or Locked-In Retirement Income Fund can help make the most of your assets when it's time to convert your locked-in retirement savings to retirement income.
When you open either of these accounts, you'll benefit from:
Income
- Total flexibility - change withdrawal amounts at any time and at no charge (subject to the annual minimum and maximum amounts)
- Lump sum withdrawals can be withdrawn at any time and at no charge (subject to a maximum amount allowed by law)
- A wide choice of mutual fund options geared to providing the appropriate diversification required to meet your retirement income needs
Services
- Transfer your existing TD Mutual Funds Locked-In RSP to your LIF or LRIF in-kind, maintaining your existing holdings
- Transfer your Locked-In RSP from another financial institution with ease
- Free transfers between TD mutual funds, although an early redemption fee of 2% applies to transfers and redemptions if made within 90 days of original purchase on selected funds
- An option to better manage your income taxes by having TD Asset Management Inc. withhold and remit taxes on your behalf
- Access to professionally managed portfolios through the TD Managed Assets Program (TD MAP)
- Convenient payment options including Direct Deposit into your TD Canada Trust Savings or Chequing account
- Fast and easy ways of Accessing Your Account and professional advice about your investments
Whether you're just exploring the possibilities or ready to make a decision, our Mutual Funds Representatives are always ready to provide you with the information and advice you need.
Talk to a Mutual Funds Representative today by visiting a TD Canada Trust branch or by calling 1-800-281-8029.
TD Mutual Funds Life Income Funds (LIFs)
and Locked-In Retirement Income Funds (LRIFs)
