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Andrei, age 62, receives Canada Pension Plan benefits of $12,750 annually and has a marginal tax rate of 41%. His wife, Alina, age 61, receives

Andrei, age 62, receives Canada Pension Plan benefits of $12,750 annually and has a marginal tax rate of 41%. His wife, Alina, age 61, receives $5,040 in CPP benefits and has a marginal tax rate of 20%. What strategy would maximize after-tax retention of these funds?

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