RRIF to Annuity
Why should I switch my RRIF to an annuity?
At one point in time we start looking for income that will last forever, looking for a secure and stable income that we cannot outlive.
Switching to a single life annuity or a joint life annuity will provide guaranteed income for the rest of your life and your spouses.
Top 10 Reasons:
Why You Should Switch from a
RRIF to a Life Annuity?
1. Capital Erosion with a RRIF
2. Better Return with an annuity
3. Peace of mind – level Income for life
4. Mortality – cannot be outlived with an annuity
5. Simplification – same payment every month, forever
6. Insurance – annuity is guaranteed
7. Usually pays higher income than RRIFs
8. No Management decisions necessary to manage your money
9. Security – Future income is guaranteed with an annuity
10. Ongoing Investing not necessary with an annuity
Not convinced? Watch our video on Should I buy a life annuity or a RRIF?