Keith and Audrey are married. Keith is 71 years old and is the higher income spouse; Audrey, is 62 years old and is the lower income spouse. Keith is in the process of transferring his RRSP assets into a RRIF. The couple is still actively involved in a successful family business and therefore, they do not require income from their savings to meet their living or discretionary expenses for the foreseeable future. Given this, why should Keith consider basing the annual minimum withdrawals from his RRIF on Audrey's age?

Answer rating: 100% (QA)

Keith should consider basing the annual minimum withdrawals from his RRIF on Audreys age because us... View the full answer