11 hours ago
Hey everyone! I’m finally wrapping up my career and getting my retirement pieces in order. Over the years, I accumulated some locked-in pension savings from a couple of previous corporate employers. Now that I’m retiring, I need to convert these funds into a Life Income Fund (LIF) so I can actually start drawing a regular income. I really want to steer clear of the major commercial banks for this phase of my life and stick with a reliable credit union that offers personalized guidance and great terms. Does anyone have experience setting up a LIF with a cooperative lender here in Canada?