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Kevin has finally retired and is all set to begin enjoying life at a more relaxed pace following a long career in car sales. At

Kevin has finally retired and is all set to begin enjoying life at a more relaxed pace following a long career in car sales. At age 60, he feels he still has plenty of time to work through his bucket-list. He has $780,000 in RRSP and $245,000 in a TFSA. Over the past 30 years, Kevin has maintained a close relationship with his financial advisor Dianne and has amassed an investment portfolio which is more than sufficient to support him through a multi-decade retirement. He has $150,000 outstanding balance in his condo mortgage, he has a commitment to give an orphanage $2500 monthly, he wants to travel the world before he retires to a senior home once he turns 80 years. Required Choose the most appropriate option from the ones below; Question 4 options: Any of the options above is correct it all depends on the plan approved by Kevin Since he is no longer contributing to his portfolio (RRSP and TFSA) he should transfer the money in his RRSP into an annuity plan that pays a salary every month. The TFSA money can be withdrawn to fund his vacation trip and the RRSP withdrawn into a a high interest

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