Manage your retirement with a RRIF.
No matter what your retirement plans are, you’ll need an income to help cover the cost of your daily expenses. A registered retirement income fund (RRIF) can help you with that!
- Flexible retirement income, so you can convert your RRSP into a RRIF and receive income on your schedule
- Stay in control of your savings by choosing variable or fixed options to match your retirement needs
- Keep your money growing while interest continues to be earned as you draw income with a RRIF you can get payments from your RRSP or pension fund spread out over a period of time to avoid paying tax on the whole sum at once.
Interest That Keeps Working
Interest That Keeps Working
Interest calculated daily, paid monthly
Guaranteed Savings
100% guaranteed by the Deposit Guarantee Corporation of Manitoba
No Minimums, No Monthly Fees
No minimum balance required and no monthly service fees.
How Hubert RRIFs work.
With a RRIF, you can receive payments from your RRSP or pension fund over time instead of taking the full amount all at once.
A RRIF is similar to a self managed annuity, but with more control. You choose how your RRIF is invested, including variable rate savings or fixed term options. For Hubert RRIFs, interest is calculated daily and compounded annually.
When you invest in Hubert’s 1 to 5 year RRIF non redeemable term deposit, you can withdraw from the term at any time, along with your regular yearly payment. You will need to submit a new designation of beneficiary form when transferring from an RRSP to a RRIF.
Revenue Canada requires you to withdraw a minimum amount from your RRIF each year, but you can take out more if you want at any time. You cannot put money back into a RRIF, but you can transfer funds into your RRIF from your RRSP, another RRIF, or a registered pension plan.