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Type of CPP benefit

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1. Which of the following investors would prefer a registered life annuity over a? RRIF?

a. Vanessa, who need to extra income for the next 10 years only

b. Harjot, who wants to manage his investment portfolio

c. Ahmed, who wants to eliminate investment risk

d. Carl, who wants to have a flexible income in retirement

2. Which of the following is not a retirement income conversion option for DPSP? assets?

a. purchase a life annuity

b. transfer to another DPSP

c. transfer to another RPP if permitted by the plan

d. transfer to your RRSP

3. Which of the following is not a type of CPP benefit?

a. Allowance Benefit

b. Survivor Benefit

c. Retirement Benefit

d. Disability Benefit

4. Which of the following is not a variable that needs to be addressed when planning for retirement?

a. How much you can expect to receive from government pension programs.

b.How much you will need in retirement based on an examination of expected retirement expenses.

c. How much you expect to be able to save between now and retirement.

d. How much will you need in retirement based on a percentage of current earnings.

Reference no: EM133305760

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