{"id":252483,"date":"2025-05-22T18:35:39","date_gmt":"2025-05-22T18:35:39","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/investing\/retirement-account-conversions-explained-rrifs-lifs-more\/"},"modified":"2025-05-22T18:35:39","modified_gmt":"2025-05-22T18:35:39","slug":"retirement-account-conversions-explained-rrifs-lifs-more","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=252483","title":{"rendered":"Retirement account conversions explained: RRIFs, LIFs, &#038; more"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>In this <em>Coffee Break<\/em>, we explore what happens to your retirement accounts (RRSPs, LIRAs) once you stop working. Certified Financial Planner <a href=\"https:\/\/moneycoachescanada.ca\/about\/steve-bridge\/\">Steve Bridge<\/a> joins us to explain how accounts are converted (RRSPs to RRIFs, LIRAs to LIFs), the rules around mandatory withdrawals, and the strategic roles that TFSAs and non-registered accounts can play in your retirement income plan. Steve also discusses common misconceptions about waiting until age 71 to begin withdrawals and highlights the potential benefits of starting earlier.<\/p>\n<p>&#13;<br \/>\n    <iframe loading=\"lazy\" title=\"Retirement Account Conversions Explained: RRIFs, LIFs, &amp; More\" width=\"840\" height=\"473\" src=\"https:\/\/www.youtube.com\/embed\/nCXQAQNiTfA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>&#13;\n  <\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>In this Coffee Break, we explore what happens to your retirement accounts (RRSPs, LIRAs) once you stop working. Certified Financial Planner Steve Bridge joins us to explain how accounts are converted (RRSPs to RRIFs, LIRAs to LIFs), the rules around mandatory withdrawals, and the strategic roles that TFSAs and non-registered accounts can play in your [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96],"tags":[3825,20899,11385,91839,11077,91838],"dealstore":[],"offerexpiration":[],"class_list":["post-252483","post","type-post","status-publish","format-standard","hentry","category-investing","tag-account","tag-conversions","tag-explained","tag-lifs","tag-retirement","tag-rrifs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Retirement account conversions explained: RRIFs, LIFs, &amp; more - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=252483\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retirement account conversions explained: RRIFs, LIFs, &amp; more - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"In this Coffee Break, we explore what happens to your retirement accounts (RRSPs, LIRAs) once you stop working. 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