Locked-In Retirement Income Funds (LRIFs)

Description
A Locked-In Retirement Income Fund is an investment instrument available in some provinces that is used to pay out pension funds upon retirement. A LRIF is created with funds from a LIRA, LIF or pension plan and allows an investor to convert his or her retirement savings into retirement income.

Objective
To provide retirement income.

Suitability
Customers turning 69 who need to convert locked-in funds into an income vehicle.

Features

• Volatile: The income amount the investor will receive each year will change depending on investment earnings during the previous year.
  
   
• Withdrawals: LRIFs are subject to minimum and maximum withdrawal amounts.

For more information, please contact your Edward Jones financial advisor*.