mage transcription text

go back to it. 21 Questions 21 - 32 are based on the Gary and Nancy Weinrib Case Study . Personal Situation Gary Weinrib was born on January 15t; he celebrated his 65" birthday this year. He was born in Israel but he immigrated to Canada with his family when he was 12 years old. After ten full years of residency in this country, he moved back to Israel when he was 22 years of age only to return to Canada and settle here permanently at the age of 37. Upon his return to Canada, Gary began working for Cygnus Corporation as a service technician where he worked for 12 years. After leaving Cygnus Corporation, he was hired by Dreamline Enterprises where he was employed for nine years. Gary retired at the age of 58 and has been enjoying his time at home for the past seven years. Nancy was also born on January 151; she is 60 years old. She has lived in Canada her entire life. Due to working on her PhD, Nancy entered the workforce at a relatively late age-she began working for the federal government at the age of 34. She completed 26 years of service before officially retiring effective today's date. Gary and Nancy have been married for 13 years. This is Gary's second marriage following the death of his first wife. He has a 32-year old daughter named Charlene from his first marriage. Charlene is a single mother-her daughter Wendy will be celebrating her first birthday on May 7th of this year. . Assets Asset Ownership Market Value Registered Assets: RRSP Gary $443,000 LIF Gary $ 79,000 RRSP Nancy $ 88,000 Spousal RRSP Nancy (annuitant); Gary $ 91,000 Show less