RRIF CON­VER­SION

ZOOMER Magazine - - ZOOM IN -

What You Need to Know

Must be done by Dec. 31 of the year you turn 71.

Main pri­or­i­ties are safety of cap­i­tal and in­come.

De­cide how much risk you can tol­er­ate be­fore mak­ing in­vest­ment de­ci­sions.

Keep at least 10 per cent of the as­sets in a high-in­ter­est sav­ings ac­count.

Hold the ma­jor­ity of the plan in fixed-in­come se­cu­ri­ties.

Use bal­anced funds in­stead of pure equity funds for added safety.

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