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Products > Banking > Personal Advantage Accounts > RRIF
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Retirement Income Advantage Account: Understanding

The day will come when your clients need to turn their retirement savings into retirement income. As you help them plan to make withdrawals rather than contributions, remember Manulife Bank now offers a Registered Retirement Income Fund (RRIF).

The Retirement Income Advantage Account allows your clients to benefit from a competitive rate of interest without compromising their access to the funds. In addition to the Retirement Income Advantage Account, clients can also choose to invest their funds into short- and long-term Guaranteed Investment Certificates.

Government RRIF website
The federal government website offers an overview of RRIFs that may be helpful, including when to transfer money in, the minimum amount your clients must withdraw annually, tax implications, and more.

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