Our runner-up financial term of the year is RRIF.
The industry has been lobbying Ottawa for years to scale back mandatory minimum RRIF withdrawals. Well, this year the government listened, but not everyone is convinced the lower minimums are all they’re cracked up to be. Decide for yourself:
Should clients use the lower RRIF withdrawals?
New RRIF rules have GMWB implications
New RRIF rules don’t go far enough: C.D. Howe
Most retirees worried about running out of money
Flashback:
Don’t blame mandatory RRIF withdrawals
Think you can guess our top financial term of the year? Take a crack at it in the comment box, below.