2. Jeff and Penny are not sure of the benefits of investing in RRSPs or a spousal RRSP. They ask you to discuss the rationale for investing in both RRSPs and spousal RRSPs. (4 Points) 3. Jeff and Penny are not sure when they should take CPP or OAS. They ask you for the advantages and the disadvantages of taking CPP and OAS early; they also want you to discuss the advantages and disadvantages of delaying CPP and OAS. (4 points) 4. Jeff and Penny are confused and not sure why they have a TFSA, they ask you to tell them 5 advantages to using a TFSA as opposed to investing in their RRSPs. (4 points) 5. Penny's grandmother has specific instructions that the money she left for Penny should only go to Penny's biological children. Penny wants to follow her grandmothers wishes and asks you to recommend at least three strategies that she can use to make sure Penny's grandmother's instructions are followed. (4 points) 6. Jeff and Penny anticipate that they will have government pensions (CPP, OAS), private pensions, non-registered accounts, TFSAs, and RRSPs at retirement. They ask you to tell them your process for helping your clients achieve a tax-efficient retirement income. (5 points)