What happens to my RRSP as I get closer to retirement?
By the end of the year you turn 71, your RRSP must be converted. You can withdraw the funds, transfer them to a RRIF for ongoing income, or purchase an annuity.
By the end of the year you turn 71, your RRSP must be converted. You can withdraw the funds, transfer them to a RRIF for ongoing income, or purchase an annuity.