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What is minimum mandatory withdrawal from rrif account

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Reference no: EM132892590

It is July 7th. You are a financial consultant and are meeting today with your client, Beatriz Potter. She has a RRIF account that has a current value of $486,000. On January 1st of this year, the account value was $467,000. Beatriz is currently 76 years of age and her birthday is March 26th. What is her minimum mandatory withdrawal from her RRIF account for this year? (Note the CRA minimum RRIF withdrawal schedule is 7.71%, 7.85%, 7.99% and 8.15% for the start of the year in which Beatriz reaches age 74, 75, 76 and 77 respectively)

Reference no: EM132892590

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