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Should I open a self-directed or fully-managed RRIF?



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Thank you for submitting your question to Investing Questions.

If you’re a knowledgeable investor and want flexible investment options, like being able to self-manage the mix of the investments held within your RRIF—of which you may hold many different kinds including, GICs, mutual funds, ETFs, segregated funds, stocks, and bonds—a self-directed option may fit your needs. Alternatively, if you have a lot of retirement savings or a more complex financial situation, a fully managed RRIF where a professional money manager creates and manages a custom portfolio to fit your goals and situation may be beneficial.

The resources available on will help build your knowledge on topics like, the types of RRIFs and how RRIFs work. Speak with a registered financial representative for advice to determine which path is best suited for you.

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