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James Stone recently turned 65 years of age. He moved to Canada 20 years earlier and has been working ever since During this period, he
James Stone recently turned 65 years of age. He moved to Canada 20 years earlier and has been working ever since During this period, he has saved $250,000 in his RRSP that are invested in a few balanced mutual funds with 7% expected rate of return, James does not have any pension from his employer. He expects to live until age 90. Maximum CPP benefit for current year is $1,175. His previous wife dies a few years ago and he married Marilyn who moved to Canada about 12 years earlier from Spain, Q4 if James retired today and lived to age 90, how much will he receive from his Retirement Funds (AFSP/HRIF) annually assuming a rate of return of 7%. 15450.90 $21390.22 23777.45 19308.49
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