RRSP Centre

• Self-Directed RRSP
• Deduction Limit
• Spousal RRSP
• Investment Options
• Investment Strategies
• RRSP Loans
• How Much Will I Need to Save?
• RRSP Maturity Options
• Annuities
• RRIFs
• Self-Directed RRIF
• How Much Income Will I Need?
• How Long Will My RRIF Last?
• Naming a Beneficiary
• Retirement Planning for Small Business Owners

RRSP Centre

Self-Directed RRIF
A BMO Nesbitt Burns Self-Directed RRIF enables you to maximize your retirement savings. The combination of your personal retirement objectives, your Investment Advisor's expertise and the considerable resources of BMO Nesbitt Burns, helps to ensure that you have a superior RRIF with a custom fit.

Transferring the assets in your RRSP into a Self-Directed Registered Retirement Income Fund (RRIF) is an ideal way to maintain maximum flexibility and control over your retirement funds.

Maximum Flexibility
For your Self-Directed RRIF, you may choose from a wide range of eligible investments including treasury bills, GICs, mutual funds, bonds, and common and preferred shares.

Potentially Higher Investment Returns
After retirement most people find that one of the few ways they can expand their capital is through investment performance. The rate of return earned by your RRIF can significantly affect the amount of your retirement income.

Consolidated Reporting
Combining all of your RRIFs into a single Self-Directed plan makes your retirement planning much easier. A BMO Nesbitt Burns RRIF statement itemizes all of your investments, the interest or dividends earned during the period, the current market value of your portfolio, and the amount of money which was paid out to you during the month.

Professional Advice
BMO Nesbitt Burns Investment Advisors are highly trained investment professionals. Your RRIF will be regularly reviewed to ensure that it is properly positioned to take advantage of the ever-changing economic environment.

Your Investment Advisor will design a program based on your income requirements. A strategy will then be developed to help ensure that these needs are met. Your age, cash flow, current savings, risk comfort level and desired retirement lifestyle will all be taken into account before an investment program is implemented.

Using our sophisticated retirement planning software, BMO Nesbitt Burns Pathfinder®, your Investment Advisor can help you determine if your financial strategy is sufficient to meet your retirement goals.

For more information, contact an Investment Advisor at a BMO Nesbitt Burns branch near you.

If you would like a BMO Nesbitt Burns Investment Advisor to contact you, simply complete this brief contact form.

Note: Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines.