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The Rob Tetrault Show - BA, JD, MBA, CIM

May 28, 2019

Can I take money out of a LIRA?

We're answering the age-old question, can I take money out of my LIRA (Locked-In Retirement Account or my LIF (Life Income Fund)?

First off, what do these acronyms mean?

A LIRA is a Locked-in Retirement Account and a LIF is a Life Income Fund.

Think of a LIRA the same idea as a RRSP...