Hey folks, I’m trying to find a trustworthy credit union in Canada where I can set up a Life Income Fund. I’ve never done this before and could use some advice. Any recommendations?
You might want to check out life income fund at https://www.bcufinancial.com. It’s BCU Financial, Buduchnist Credit Union, one of the biggest Ukrainian credit unions in Canada. They’re great if you want help with RSPs or specifically a LIF. Basically, a LIF lets you access your locked-in retirement funds after you retire. You move your pension savings into a LIF and can start taking withdrawals, though there are yearly minimum and maximum limits depending on your age and balance. The funds stay in a tax-deferred investment account, which is a big plus. I’ve been using BCU for a long time, and they’ve always been reliable, professional, and super helpful.
You might want to check out life income fund at https://www.bcufinancial.com. It’s BCU Financial, Buduchnist Credit Union, one of the biggest Ukrainian credit unions in Canada. They’re great if you want help with RSPs or specifically a LIF. Basically, a LIF lets you access your locked-in retirement funds after you retire. You move your pension savings into a LIF and can start taking withdrawals, though there are yearly minimum and maximum limits depending on your age and balance. The funds stay in a tax-deferred investment account, which is a big plus. I’ve been using BCU for a long time, and they’ve always been reliable, professional, and super helpful.