Open Menu Login Open Menu TD Retirement Income Options (RIF) Put your savings to work so you may enjoy the full potential of your retirement years. You may enjoy a comfortable retirement by combining your retirement savings with other sources of income you may have. Book an appointment About RIF What TD Offers RIF Annual Minimum Payment Schedule Why choose a Retirement Income Plan? You've worked hard to reach this stage of your life, and now it's time to enjoy yourself - traveling, spending time with grandkids, or maybe getting involved in your community. Planning your retirement income is one of the keys to living the life you want in retirement. Whether your retirement is close at hand, or still several years away, the time to start planning is now. Combining your retirement savings with other sources of income that you may have can result in a predictable, tax-efficient income stream, allowing you to enjoy a comfortable retirement. Retirement Income Options (RIOs) can provide you with a retirement income stream using the money you saved during your working years. Many of these retirement income options offer tax-deferred growth, similar to your Retirement Savings Plan (RSP). The most common type of RIO is a Retirement Income Fund (RIF).1 A RIF offers you the flexibility to determine the amount of income you withdraw each year from your retirement savings. The only requirement is that you receive a minimum annual amount, according to a predetermined schedule set by the federal government. You can increase, decrease or change your income stream any time you choose. You only pay tax on the money you withdraw from your plan each year. A RIO is also available for your Locked-in RSP (LRSP), Locked-in Retirement Account (LIRA) or Restricted Locked-in Savings Plan (RLSP) in the form of a Life Income Fund (LIF), Locked-in Retirement Income Fund (LRIF), Restricted Life Income Fund (RLIF) or Prescribed Retirement Income Fund (PRIF), depending on the governing legislation of the original pension plan. When and how to convert your savings into retirement income Your Retirement Savings Plan (RSP) can be converted to a form of retirement income at any time, but no later than the end of the calendar year in which you turn 71. At that time, you'll have three choices: Convert your RSP to a Retirement Income Fund (RIF) Convert your RSP to an annuity Withdraw the entire amount of your RSP in one lump sum Benefits of a Retirement Income Plan Convenience You decide how much income you require (subject to an annual minimum amount). Confidence We’ll help you calculate the total retirement income you can expect to receive and consolidate your retirement savings from all sources into one comprehensive RIF plan. Access to advice We’re here to answer your questions and help you make any adjustments to your plan. Legal 1 RIF refers to Retirement Income Fund (RIF), Life Income Fund (LIF), Locked-in Retirement Income Fund (LRIF), Restricted Life Income Fund (RLIF) and Prescribed RIF (PRIF). You may also be interested in: Retirement Income Options Learn how to manage your Retirement Income Options Learn more TD Automated Savings Services You decide how much you want to save and how often – we take care of the rest. Learn more Ways to Apply Book an appointment Meet with us in person at the branch closest to you. Book now Call us Our team is ready to answer your questions and can assist you with your application. 1-888-568-0951 Have a question? Find answers here Enter your question Ask us Popular questions Need to talk to us directly?Contact us Follow TD Twitter Facebook Instagram YouTube LinkedIn Privacy & Security Legal Accessibility CDIC Member About Us We're Hiring Ad Choices & Personalization Site Index