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78 Questions 76-87 refer to the Case Study: Gary and Nancy Weinrib Personal Situation Gary Weinrib was born on January 1, he celebrated his 65
78 Questions 76-87 refer to the Case Study: Gary and Nancy Weinrib Personal Situation Gary Weinrib was born on January 1, he celebrated his 65 birthday this year. He was bom in turael but he immigrated to Canada with his family when he was 12 years old. After ten full years of residency in this country, he moved back to turael when he was 22 years of age only to return to t Canada and settle here permanently at the age of 37. Upon his return to Canada, Gary began working for Cygnus Corporation as a service technician where he worked for 12 years. After leaving Cygnus Corporation, he was hired by Dreamline Enterprises where he was employed for nine years. Gary retired at the age of 58 and has been enjoying his time at home for the past seven years Nancy was also born on January 1; she is 50 years sid. She has lived in Canada her entire life. Due to working on her PhD, Nancy entered the workforce at a relatively late age-she began working for the federal government at the age of 34. She completed 26 years of service before officially retiring effective today's date Gary and Nancy have been married for 13 years. This is Gary's second marriage following the death of his first wife. He has a 32-year old daughter named Charlene from his first marriage. Charlene is a single mother-her daughter Wendy will be celebrating her first birthday on May 7 of this year. Registered Assets In addition to contributions to his own RRSP, Gary has made annual contributions of $5,000 Nancy's spousal RRSP for the past several years, Gary intends to continue making these spousal contributions until and including the year Nancy has to d RRSP Nancy will not make any further contributions to her individual RRSP Gary and Nancy intend to wait until the latest possib year before transferring their respective RRP into Assets Asset Registered Assets RRSP UF ARSP Spousal RRSP Non-registered Assets $50,000 5-year 4.85% esc 2. ! 1 Ownership Market Value Gary 1443,000 Gary $79,000 Nancy $88,000 Nancy (annuitant Gary (contributor) $91,000 92 @ 62 50 " 76 dz 54 13 20 % 5 MacBook Air <6 66
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