Everything else being equal, which of the following withdrawal strategies is most exposed to longevity risk? a. 4% rule b. RRIF minimum c. Variable spending d. Income only strategy For a defined benefit pension plan, which of the following is true? a. A common-law spouse can receive benefits after the retiree dies. b. Benefits cannot increase each year to reflect inflation. c. Benefits may continue when the retiree dies. d. Benefits cannot be integrated with CPP retirement income. In retirement, Alice will receive CPP of $7,533 which is indexed and an annuity of $15,000 which is not indexed. She uses a 7% discount rate when inflation is 3% and expects to live for 27 years in retirement. What is the present value at retirement of Alice's annuity income in real dollars? a. $192,387 b. $254,742 C. $257,814 d. $283,153 In the article Maslow Meets Retirement, a life annuity would be most appropriate for which category of money? a. Freedom b. Dream c. Safety d. Gift e. Survival