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Question 2377 pomy Maya and Stephan have saved over $300,000 in each of their RRSPs. They are tuning 71 this year and the RRSPs must
Question 2377 pomy Maya and Stephan have saved over $300,000 in each of their RRSPs. They are tuning 71 this year and the RRSPs must be closed. Stephan has a pension from his employer and inherited income properties from his father. He does not need the income from his RRSP, but Maya needs income since she spends significantly more than she would eam from her RRSP savings. She is anticipating using Stephan savings to supplement her income. Stephan had made the decision to buy a life amuity when his RRSP matures. Who will be the annuitant and payee of Stephan's annuity? ) Stephan will be the annuitant and payee. b) Stephan will be the annuitant and Maya will be the payee. Od Maya will be the annuitant and the payee. d) Maya will be the annuitant and Stephan will be the payee
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