RRIF planholders can customize withdrawals to match their circumstances, provided at least the minimum required amount is withdrawn each year. Some strategies include:
- Minimum RRIF payments - withdrawing only the required minimum
- Adaptive RRIF payments - adapting withdrawals to account for other income sources or unexpected expenses
- Level RRIF payments - aiming to have steady withdrawals
- Indexed RRIF payments - withdrawing at a steady rate that increases each year
- Income RRIF payments - withdrawing all RRIF income in early years
- In-kind RRIF payments - moving assets into a non-registered investment account rather than selling them first
Each strategy has its own advantages and disadvantages.