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Elvis is 48, and a member of his employer sponsored Defined Contribution Pension Plan. Elvis joined the plan twenty years ago, and is eligible for
Elvis is 48, and a member of his employer sponsored Defined Contribution Pension Plan. Elvis joined the plan twenty years ago, and is eligible for full pension at age 63. However, Elvis decides to quit his job and therefore is no longer a member of the DCPP. Currently, Elviss pension is worth $325,000. What are Elviss options when leaving the plan?
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Transfer the commuted value to a LIRA
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Transfer the commuted value to a RRIF
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Transfer the commuted value to a TFSA
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Transfer the commuted value to an RRSP
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