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Question #5 (8 Marks) You are turning age 71 on December 1st and therefore you will have to convert your RRSP account into a RRIF,

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Question #5 (8 Marks) You are turning age 71 on December 1st and therefore you will have to convert your RRSP account into a RRIF, an annuity or withdraw the cash by the end of the year. After completing your analysis, you want to convert your RRSP into an annuity. However, you still have some additional questions about transferring your RRSP investments that you would like answered before transferring your RRSP money/investments to an annuity. REQUIRED List four (4) questions that you would ask your advisor before purchasing an annuity with your RRSP money. Explain the reason(s) behind each of your questions

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