7150 Hawthorne Dr. Unit 104
Windsor, ON, N8T 3N3
Phone: (519) 974-6688
Toll Free: +1 866-973-4846
Fax: (519) 974-7192
A RRIF can be described as a continuation of your RRSP. It provides the same tax sheltering of growth but with one key difference. Instead of making tax deductible contributions, you have to take out a minimum taxable amount each year, based on your age. An RRSP has to be converted to a RRIF no later than December 31 of the year you turn age 69. No minimum withdrawal is required for the first year of RRIF. The first withdrawal is required by December 31 of the second year.
The contents of this website do not constitute an offer or solicitation for residents in the United States or in any other jurisdiction where either Seguin Financial Group and/ or Sterling Mutuals is not registered or permitted to conduct business. Mutual funds provided through Sterling Mutuals Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus carefully before investing. Mutual funds are not guaranteed, their values fluctuate frequently, and past performance may not be repeated.
Insurance products, and other related financial services are provided by Seguin Financial Group as independent insurance agents, and are not the business of, or monitored by Sterling Mutuals Inc.
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