Question: At age 4 0 , Darlene is beginning to consider a plan for her retirement. She has worked for the same employer for 1 5

At age 40, Darlene is beginning to consider a plan for her retirement. She has worked for the same employer for 15 years during which time she has been a member of the company's defined contribution pension plan to which she contributes 5% of her salary. Her employer matches that amount. She is currently earning $50,000 per year. She has never contributed to an RRSP. Darlene has heard that she will need about 70% of her earned income each year in order to live comfortably during retirement.Which of the following statements concerning Darlene's alternatives for planning for her retirement at age 65 is correct?Darlene can expect to receive an annual income of about $30,000 from herCanada Pension Plan (CPP) to supplement her company pension.Should Darlene decide to leave her employer before she retires, she will be entitled to the accumulated value in her pension to be used to provide her with an income once she retires.Darlene's retirement income will most likely exceed the clawback limit for Old Age Security benefits and she will not be entitled to any OAS benefits.Since Darlene is a contributing member of her pension plan, she cannot contribute to an RRSP.

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