Bob was 66 years old on Jan.1st of this year. Today November 14th and so far this year, he has not withdrawn any money from his RRIF. He is pleased because his RRIF balance on December 31st of last year was $342,980 and his balance today is $371,411. What is the minimum withdrawal he must make from his RRIF this year?

Answer rating: 100% (QA)

To calculate the minimum withdrawal Bob must make from his Registered Retirement Income Fund RRIF th... View the full answer