Question: Paragraph Styles 16. Mac is concerned about leaving Eastern Telecom and setting up his own business. Which of the following statements best describes, to Mac,

 Paragraph Styles 16. Mac is concerned about leaving Eastern Telecom and

Paragraph Styles 16. Mac is concerned about leaving Eastern Telecom and setting up his own business. Which of the following statements best describes, to Mac, the impact on his eventual retirement? (A) "With the RRSP limits and the income potential from the new business, you will be able to readily accumulate the savings for retirement." (B) "You will be able to set up a new pension plan to replace the Eastern Telecom plan." (C) "Your indexed pension from Eastern Telecom is not a significant loss since the present value is only $20,000." (D) "The loss of your indexed pension from Eastern Telecom will be very difficult to replace and you are at risk of a significantly reduced standard of living during retirement

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