Your retirement income

With your locked-in account...

You can use your locked-in funds either directly or following a transfer to a locked-in retirement account (LIRA):

• purchase a life annuity
• transfer sums to a life income fund (LIF)
• purchase a life annuity with a portion of the sums and transfer the remainder to an LIF

With your not locked-in account...

You can, directly or following a transfer of this account to a registered retirement savings plan (RRSP), transfer the sums to a registered retirement income plan (RRIF) or purchase an annuity. You can also make a cash withdrawal of all or some of the funds credited to your not locked-in account.

Evaluating your retirement income

Your retirement income will depend, among other factors, on:

• the contributions made to your accounts
• the investment income earned on the funds in your accounts
• interest rates when you retire