Looking for a great way to turn your retirement dream into reality? You can do so with a Moya Financial RRIF. Your principal is protected, while your investment remains tax sheltered. A taxable minimum withdrawal is required after age 71, which is based on a percentage of the value of your RRIF on December 31 of the previous year. Payment amounts and frequency can be changed as your needs evolve.
- Fixed and variable rate plans available
- Grow your savings tax-deferred (minimum yearly withdrawals required)
- Pay tax only on withdrawals made
- Payment deposited to any account
- No fees for deposits, payouts or administrative costs
- Income provided monthly, quarterly, semi-annually or annually
- Insurable deposits covered by the Deposit Insurance Corporation of Ontario (DICO)