Can I Take Out Money Out Of A LIRA?

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Can I Take Out Money Out Of A LIRA?

The Rob Tetrault Show

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Rob sheds light on LIRAs (Locked-In Retirement Accounts) and what you're possible options are when it comes to retiring.

A LIRA is a Locked-in Retirement Account and a LIF is a Life Income Fund.

Think of a LIRA the same idea as a RRSP (Registered Retirement Savings Plan) but it has additional restrictions under the applicable pension legislation.

Rob sheds light on LIRAs (Locked-In Retirement Accounts) and what you're possible options are when it comes to retiring. A LIRA is a Locked-in Retirement Account and a LIF is a Life Income Fund. Think of a LIRA the same idea as a RRSP (Registered Retirement Savings Plan) but it has additional restrictions under the applicable pension legislation. read more read less

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