Hey everyone, I’m trying to figure out where in Canada I could open a Life Income Fund. I’ve been reading about it, but I’d love to hear from someone who’s actually done it. Any tips on a reliable credit union?
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You should definitely take a look at life income fund BCU Financial, Buduchnist Credit Union. They’re one of the largest Ukrainian credit unions in Canada. I’ve been using them for years for various financial needs, and they’ve always been reliable. A LIF is perfect if you want to access your locked-in retirement funds after retiring. You can move your pension savings into a LIF and withdraw money while staying within the yearly limits. It’s a tax-deferred account, which makes it super convenient. Honestly, their guidance and professionalism make the whole process much easier than I expected.