Celine just celebrated her 71st birthday. Her husband is 65 and has recently retired. He earns $50,000

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Celine just celebrated her 71st birthday. Her husband is 65 and has recently retired. He earns $50,000 from a company pension plan, as does she. Celine needs to convert her RRSP to a RRIF by the end of the year. She does not need the income.

What recommendations regarding the RRIF set-up would you make?

Related Book For answer-question

Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Posted Date: Sep 15, 2023 01:51 AM

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Celine just celebrated her 71st birthday. Her husband is 65 and has recently retired. He earns $50,000

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When Celine is required to convert her RRSP Registered Retirement Savings Plan to a RRIF Registered Retirement Income Fund by the end of the year ther... View the full answer

Fundamentals of Investing

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