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Mabel and Murray have money in an RRSP in Murray's name that they want to preserve in a tax-deferred environment with income flexibility. Mabel is

Mabel and Murray have money in an RRSP in Murray's name that they want to preserve in a tax-deferred environment with income flexibility. Mabel is 60 and Murray is 71. Murray's concern is that they do not outlive their money. How best can that be accomplished?  

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