Withdrawal Rules: Minimum and Maximum Limits for LIFs

Life Income Funds (LIFs) require RRIF-style minimum withdrawals, starting at approximately 4% at age 65, with provincial maximums to ensure income longevity. LifeBuzz explains that initial years waive minimums. Coordinating withdrawals with life insurance optimize income management and prevents premature depletion for Canadian retirees.

 

lifebuzz.ca/life-income-fund-lif/

 

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