Summary: RRSPs versus RRIFs. Most folks don’t know what the acronyms mean. RRSP is registered retirement savings plan and RRIF is registered retirement income fund. Should you convert your RRSP to a RRIF? If so, when should you do it? It's not an easy decision folks. I know first-hand people are confused. There's a lot of misinformation out there. This is something we do all the time and something we advise people on all the time.
