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We matched that to:
What are my options when my RSP must be converted/ terminated?
There are three options available:
1) Convert the balance to a Retirement Income Fund (RIF). If you convert to a RIF with TD Direct Investing, you must complete the New Account Application Form (NAAF)*
2) Withdraw and pay tax on the entire balance remaining in the plan
3) Use the balance to purchase an annuity from an insurance company
Please note that the answers to the questions are for information purposes only for the products discussed. Individual circumstances may vary. In case of discrepancy, the documentation prevails.