Assuming in two years Gary and Nancy go ahead with your proposed plan for around the world trip vacation and the couple need to generte $50,000 lump sum. Assume in the year the withdrawl is to be make Gary will be in a higher combined tax bracket thn Nancy for tax perspective. Rank the couples options from least desirable to most desirable. 1 $25,000 from Garys GIC $25,000 from Nancys GIC 2 $25,000 from Garys RRSP $25,000 from Nancys sposual RRSP 3 Gary and Nancys global equity mutual funds 4 Nancys bond mutual fund 5 Garys RRSP ?

Answer rating: 100% (QA)

To rank the couples options from least desirable to most desirable based on the assumption that Gary will be in a higher tax bracket than Nancy in the ... View the full answer