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ANSWER ASAP Maddie turned 71 in 2020 and converted her Registered Retirement Savings Plan (RRSP) to a Registered Retirement Income Fund (RRIF) before December 31,
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Maddie turned 71 in 2020 and converted her Registered Retirement Savings Plan (RRSP) to a Registered Retirement Income Fund (RRIF) before December 31, 2020. The Fair Market Value (FMV) of her RRIF on January 1, 2021, was $589,100. What is Maddie's minimum RRIF amount that she must withdraw in 2021? Age RRIF Factors 65 4.00% 66 4.17% 67 4.35% 68 4.55% 69 4.76% 70 5.00% 71 5.28% 72 5,40% 123.png 73 5.53% 74 5.67% Step by Step Solution
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