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Retirement Income Options
The following is a list of all the Retirement
Income Options offered by the TCU Financial Group. For more detailed information on any
of these options, please telephone or email any of the Saskatoon Ludlow Branch or Saskatoon Arlington Branch or Regina Branch.
Registered
Retirement Income Funds (RRIF)
An extension of your RRSP. Variable and Fixed Rate investment options available. Receive
payments from your RRIF on a schedule that suits your needs.
Prescribed Registered
Retirement Income Fund (PRRIF)
A PRRIF is a retirement income fund from which life income may be received. The original
source of funds is a locked-in registered pension plan under Saskatchewan jurisdiction.
When moving to this form of RRIF, you may determine your own level of income without the
withdrawal limit restrictions imposed on other pension funded plans. If you have a spouse
or common law partner, their consent must be given before funds can be accepted in a
PRRIF.
Life Income Fund (LIF)
A LIF is a retirement income fund from which life income may be received. The original
source of funds in this account is from an eligible locked-in registered pension plan. A
LIF is registered and set up as an RRIF, but contains additional
agreements with regards to payments, etc.
Investment Options:
Variable Rate deposits - interest calculated on
the daily balance and compounded twice a year.
Fixed Rate deposits - receive a guaranteed rate of
return on your investment. Terms of 1 Year to 5 years.
Mutual Funds* Through
Credential Asset Management Inc. or Credential Securities Inc.
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Mutual Funds are offered through Credential Asset Management Inc. and mutual funds and other securities are offered through Credential Securities Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, cash balances, mutual funds and other securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds and other securities are not guaranteed, their values change frequently and past performance may not be repeated. Credential Securities Inc. is a Member - CIPF.
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