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many of us spend years building a retirement savings plan or RSP but what about when the big day finally comes after retiring you can still contribute to your RSP until the year you turn 71 then convert to a retirement income fund or riff as you cannot contribute to a riff itamp;#39;s important to finalize your RSP deposits before converting afterwards transfer the funds to your riff immediately to avoid a forc rollover in the fall you turn 71 as account interruptions could occur each year you must withdraw an annual minimum payment or am from your riff based on your age and balance to begin converting your RSP to a riff youamp;#39;ll be asked to complete an online application in web broker letamp;#39;s walk through how fast and simple the process can be before applying please note that youamp;#39;ll need to be a Canadian resident upload a government shoot ID and have a Social Insurance Number existing information conveniently autop populates additionally youamp;#3