RRIF CONVERSION

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.