Question: Sofia is 60 years old and will retire in a few weeks. She accumulated $300,000 in the deferred profit sharing plan (DPSP) that she has

Sofia is 60 years old and will retire in a few weeks. She accumulated $300,000 in the deferred profit sharing plan (DPSP) that she has with her current employer. She would like to transfer these funds into a 10-year term annuity, pay as little taxes as possible, and travel the world while she is still healthy. What type of annuity should she transfer her funds into? 1. Prescribed annuity. 2. Accrual annuity. 3. Registered annuity. 4. Registered prescribed annuity

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