Amie and Steve, who have been married for the past five years are heading into retirement. Steve recently converted his RRSP to a RRIF which had $250,000. On January 1st of this year assets had declined to $240,000. Steve recently turned 69 (his birthday is in May) and Amie is 67 (her birthday is in June). 

If Steve structured his RRIF to allow for the lowest possible minimum withdrawal, how much must he withdraw?

Answer rating: 100% (QA)

To determine the minimum withdrawal amount from Steves RRIF Registered Re... View the full answer