Canadian tax law mandates that RRSPs be terminated in the calendar year in which the plan owner turns age 69. But if you simply collapse your RRSP, the proceeds will be taxed in full.

One option is to convert your RRSP into an OTG Financial Registered Retirement Income Fund (RRIF). Assets in a RRIF remain tax-sheltered until you withdraw them. Each year any amount you withdraw will be added to your taxable income. You are required to withdraw a minimum amount each year, but not a maximum. In the event of your death, your RRIF balance can go to your spouse or estate.

OTG Financial's RRIF program offers you distinct advantages that get more of your money working for you:

• competitive rates of return
• no annual administration fee
• no sales commissions
• free transfers between OTG Financial funds

If you are approaching age 69, we suggest you contact an OTG Financial Advisor for more information.