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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
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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.