A Registered Retirement Income Fund (RRIF) is a Canadian retirement account that allows individuals to convert their RRSP savings into a steady income stream during retirement. Unlike an RRSP, funds in a RRIF must be withdrawn annually, with a minimum amount set by the government, while investment growth continues to be tax-deferred. RRIFs offer flexibility in investment choices, including stocks, bonds, ETFs, and mutual funds, enabling retirees to balance growth and income needs. They provide predictable cash flow, helping manage expenses and taxes efficiently, while supporting long-term financial security in retirement.