Locked-in retirement account (LIRA)


If you’ve terminated your membership in an employee-sponsored pension, you can convert your investment into a locked-in retirement account, or a LIRA, allowing you to take control of your investment. There are two major advantages to this conversion: cost and potential. First, cost: there are no annual fees for LIRAs. Next, potential: take control, trade stocks, and build a portfolio that suits your goals and profile.

How does a LIRA work for me?

Once you transfer your company-sponsored pension plan to a LIRA, you can then diversify and build a stronger portfolio that better reflects your goals.

What can I trade in a LIRA?

You can continue to build your portfolio with stocks, options, ETFs, mutual funds, bonds, exempt market products, and physical gold. Get the most out of your retirement by monitoring and adjusting your positions periodically.