Quote:
Originally Posted by Dean2
To be clear, max withdrawal applies only to locked in RIFs once converted from RRPS. A standard RIF has not withdrawal max and can be totally collapsed at nay time.
|
I thought that was a LIF (Life Income Fund) not a RIF. Then again, my locked in RRSP was always referred to as a "Locked in RRSP" not a LIRA (Locked In Retirement Account) which, I think, is what it is supposed to be called.
ARG