This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is true regarding LIRA and locked-in RRSP accounts at age 71? (Read 44 times)

segrsyd

  • Hero Member
  • *****
  • Posts: 530
on: Nov 11, 2019
Which of the following is true regarding LIRA and locked-in RRSP accounts at age 71?
◦ LRIFs and LIFs can be cashed in but will be fully taxed.
◦ At age 80, LRIF funds must be used to purchase a life annuity.
◦ LRIFs and LIFs have the same withdrawal schedule throughout the retirement years.
◦ Some provinces have LIFs and some have LRIFs.
Personal Finance ¦ Madura, Gill ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by segrsyd on Nov 11, 2019

Beatricemm

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Nov 11, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


segrsyd

  • Member
  • Posts: 530
Reply 2 on: Nov 11, 2019
Thanks for the timely response, appreciate it

amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Apparent and True Orbits of Alpha Centauri. Apparent and True Orbits of Alpha Centauri.
True Friendship True Friendship
Which is TRUE about the alternation of generations cycle that is diagramed above? Which is TRUE about the alternation of generations cycle that is diagramed above?
Science versus religion: What accounts for the conflict and tension that have existed between them? Science versus religion: What accounts for the conflict and tension that have existed between them?
How Mendel’s theory accounts for the results of his experiment on the inheritance of seed color in ... How Mendel’s theory accounts for the results of his experiment on the inheritance of seed color in ...
How to calculate RRSP using the annuity formula How to calculate RRSP using the annuity formula
Video: Deglutition

For a complete list of videos, visit our video library