Question: Which of the items listed below are a possible source of funds for a RRIF? a) Spousal RRIF b) Life insurance payout c) Matured RRSP

Which of the items listed below are a possible source of funds for a RRIF?

a) Spousal RRIF

b) Life insurance payout

c) Matured RRSP

d) Annual contributions from spouse

e) Spouses RRSP

f) RPP from employer

Which of the following statements accurately describes a life annuity,also known as a life income fund (LIF)?

a) An investment vehicle that requires a specified annual contribution in preparation for retirement.

b) An investment vehicle that makes payments over the holder's lifetime, or the lifetime of their spouse.

c) An investment that pays out periodic payments over a specific amount of time.

d) A life insurance policy that will pay out a percentage of assets annually after death.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Which of the items listed below are a possible source of funds for an RRIF? Check all that apply. Life insurance payout Annual contributions from a spouse Matured RRSP Spousal RRIF Spouses RRSP RPP...

Q:

Questar 2 and Mae and 65 very busy retree. He spends out sx months per yer travelling His porttalos mainly invested in a technology coman's stocks Abox messes investment ses rury because pe does not...

Q:

please answer fast, will upvote! 60 Questions 56 - 61 refer to the Case Study: Gary and Nancy Weinrib Personal Situation Gary Weinrib was born on January 15t, he celebrated his 65th birthday this...

Q:

Anyone got complete answers to this quiz? 1. 5a_39 In technical analysis, what is a support level for a stock? A. Demand exceeds supply. B. Supply exceeds demand. C. Volume sold equals volume...

Q:

please answer fast, will upvote! 57 Questions 56 - 61 refer to the Case Study: Gary and Nancy Weinrib Personal Situation Gary Weinrib was born on January 1st, he celebrated his 65th birthday this...

Q:

please answer fast, will upvote! 58 Questions 56 - 61 refer to the Case Study: Gary and Nancy Weinrib Personal Situation Gary Weinrib was born on January 1st, he celebrated his 65th birthday this...

Q:

please answer fast, will upvote! 56 Questions 56 - 61 refer to the Case Study: Gary and Nancy Weinrib Personal Situation Gary Weinrib was born on January 1st, he celebrated his 65th birthday this...

Q:

Pretty simple just answer the questions below its only 2 of them attached are the reference materials you'll need to site apa style format from Chapter 11: 11.2 #2 (p. 276) Also answer this question...

Q:

Question 13 (point Al her We ha acumulared stocks bonds and guaranteed investment certificates. Nor one year from retirement she would like a portfolio that is easier to manage she would like to have...

Q:

Processing steps for 18 questions are required. Thanks so much for help! Queensland University of Technology QUT Business School School of Accountancy AYB 219 Taxation Law HandiTax Group Project...

Q:

If a firm borrows permanently $20 Million at an interest rate of 8%, what is the present value of the interest tax shield? If a firm borrows $20 Million for one year at an interest rate of 7%, what...

Q:

What are some of the advantages of e-business?

Q:

5 4 minutes remaining 4 3 OF 5 0 QUESTIONS REMAINING Question 8 The random walk theory of stock prices indicates that If they are willing to do a little research, even beginning investors will be...

Q:

If X is a random variable which is binomial(n.p), why the CDF of X is a decreasing function of p.

Q:

Qn 1. (a) Solve the simultaneous equations: 2x + 3y = 5 -3x + 5y = 21. [4] %3D (b) Solve the inequality: 6a2 5x > 4, indicating your solution on the real line. [5] 137 Qn 2. (a)(i) Convert 175 to...

Q:

Provide an example of a business that uses training and explain how it has helped them.

Q:

The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 11,200 gallons of direct materials that actually cost $42,400 were used to produce 6,000 units of product. What...

Q:

Guiz s-s - What he kirclikofl law talk abont? 2. A Long Cylindrical rod IS placed in along Cylinelrical ene loeser which s mantoidat a Uniforn teaperature. Calcnlate The emisuity of rod E, =?...

Q:

Create a 200 word summary on the Juvenile Justice System than and today. Describe The Juvenile system and provide a generalizable definition. Highlight the issues in the Juvenile system and why this...

Q:

(Appendix; EUP computations; normal loss) Southeastern Corp. produces paint in a process in which spoilage occurs continually. Spoilage of 1 per cent or fewer of the gallons of raw material placed...

Q:

(Appendix; normal vs. abnormal spoilage; WA) Weezer Plastics uses a weighted average process costing system, and company management has specified that the normal loss from shrinkage cannot exceed 3...

Q:

(Appendix; El IP computation; normal loss; cost per EUP; FIFO; advanced) Rodin Inc. produces small plastic toys. As the raw material is heated, shrink age occurs. Management believes that shrinkage...