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Sally, a widow in her 60s, has limited funds for retirement. She needs to ensure that her retirement savings last until her death. Which should

Sally, a widow in her 60s, has limited funds for retirement. She needs to ensure that her retirement savings last until her death. Which should she choose when collapsing her RRSP?

  1. Term annuity

  2. Registered Retirement Income Fund (RRIF)

  3. Life annuity

  4. Cash

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