Flexi-RIF
TD Canada Trust's Flexi-RIF is our most popular retirement income option into which you can convert your RSPs.
Our Flexi-RIF provides you with the flexibility to customize your plan to suit your needs. You can have your required annual minimum payment (AMP) paid to you monthly, quarterly, semi-annually or annually, and we can deposit the funds directly into a TD Canada Trust savings or chequing account to ensure there are no delays in your payments. If you choose, you can make additional withdrawals from your Flexi-RIF at any time.
The TD Canada Trust Flexi-RIF offers many options, including —
- No penalty or fees to withdraw, even if all the funds are invested in GICs, which means greater liquidity for you
- The option to invest in a wide range of GICs
- A savings account, which pays a competitive tiered rate of interest based on your account balance
- If you currently hold GICs in a TD Canada Trust RSP, we can convert them to a Flexi-RIF without cashing the GICs, so the interest rate and maturity dates remain unchanged
- Simple yet comprehensive statements mailed four times a year detailing your plan holdings and transactions and reminding you what certificates are approaching maturity in the coming months
We want to make your choice of Retirement Income Option as easy for you as possible. Visit any TD Canada Trust branch for more information on the Flexi-RIF, and to see how it suits your unique retirement income needs.
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