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> Why is an RRIF an example of an annuity?

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Why is an RRIF an example of an annuity?

Posted at： 2014-12-05　

It is not. An annuity is something you purchase with the funds from your RRIF. It guarantees you a

monthly or yearly income usually for life. It is a good choice for some and not for others. Your funds

would be permanently tied up.

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