[Terry]

Here is another RRIF question. I do not currently use iShare or indexed Efunds but I am aware that these are lower cost options and I'm wondering if they can be used for a RRIF or if they only work for RRSP or unregistered investments.

If they work for RRIFs, I can begin to assess the merit of switching once all of my RRSPs have been converted to RRIFs.

Thanks.

 

[FrugalTrader]

Here is another RRIF question. I do not currently use iShare or indexed Efunds but I am aware that these are lower cost options and I'm wondering if they can be used for a RRIF or if they only work for RRSP or unregistered investments.

If they work for RRIFs, I can begin to assess the merit of switching once all of my RRSPs have been converted to RRIFs.

Thanks.

Terry, as far as I know, an RRIF account is just like an RRSP account but with a forced withdrawal schedule. With that said, you should be able to invest in whatever equity you please within an RRIF.

 

[Financial Highway]

Terry, as far as I know, an RRIF account is just like an RRSP account but with a forced withdrawal schedule. With that said, you should be able to invest in whatever equity you please within an RRIF.

Yes that is true, as long as it is with the funds in the account so no new fund.

 

[zinfit]

I use US ETFs for my RRIF fixed income ETFs. I use the Vanguard corporate bond ETFs. I feel more comfortable holding US securities in US dollars. I do own a far bit of laddered Canadian corporate bonds and that has served me well. Not sure I could get excited about either of the options set out in this discussion.

 

[AltaRed]

Here is another RRIF question. I do not currently use iShare or indexed Efunds but I am aware that these are lower cost options and I'm wondering if they can be used for a RRIF or if they only work for RRSP or unregistered investments.

If they work for RRIFs, I can begin to assess the merit of switching once all of my RRSPs have been converted to RRIFs.

Thanks.

There is no difference in what can be held in a RRSP or RRIF account. They are, in essence, the same thing except a RRIF has minimum annual withdrawal requirements. Some brokerages simply re-name the RRSP account to a RRIF account with minimal to no change in account number (think RBC DI did this for my spouse). Other brokerages change the account number and simply move all assets over to the RRIF (which is what Scotia iTrade did in my case).