Their mom Peggy earns a salary of 120, 000 a year and dad Hank earns 170,000 a year.They have been instructed by their accountant to maximize their contributions to their RRSP's which are now: Peggy: $200,000 Hank: $250,000. They also have a joint investment account with us valued at $6,000,000.

1. Project their RRSP contribution from age 1 to 25 years of age as they will use their funds for college
2. Project their CESG contribution from 1 to 17years of age

Their parents want to retire at age 50:

1. What is the basis for saving $500k for retirement?
2. In which account will you save for retirement?
3. What is the name of the pension account?
4. Will they be eligible for OAS or CPP? How much?
5. What will Hank and Peggy gain from having an Individual Pension Plan?

If Hank and Peggy want to make investments in Bonds, Stocks, and Real Estate;

1. How much percent to allocate to each?
2. What type of Bonds should they invest in to prevent any high risk?
3. What type of Stocks should they invest in to prevent any high risk?

What type of real estate should they invest in to prevent any high risk?

Francesca	Nina	Afomi
10	12	14
$25,000	$30,000	$35,000