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Rhonda is age fifty - two. She is divorced with two daughters aged twenty - one and twenty - three. She has been contributing to
Rhonda is age fiftytwo. She is divorced with two daughters aged twentyone and twentythree. She has been contributing to a defined contribution pension plan through her employer. She has been contributing to this plan for twentyfive years and would like to retire at age sixty. However, she is not certain whether it will be feasible to do so Looking at the news, she worries about the unstable political climate and the impact it could have on her financial situation. Her financial situation is as follows: Her annual employment income is: $ Assets: Condo: $ Vehicle: $ DCPP consisting of the following, totalling; $ Fixed rate GIC maturing in years: $ Fixed rate GIC maturing in years: $ Index linked GIC maturing in months: $ Balanced mutual funds: $ RRSP Canadian bond segregated fund $ Cash $ Liabilities: Mortgage: $ Line of Credit: $ Credit cards: $ Carloan: $ Based on this information, what can be said about Rhonda? Select one: a She will know the income from her DCPP in advance.
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