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What are the advantages of transferring an Registered Retirement Savings Plan (RRSP) into a Registered Retirement Income Fund (RRIF) rather than purchasing a life annuity?

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What are the advantages of transferring an Registered Retirement Savings Plan (RRSP) into a Registered Retirement Income Fund (RRIF) rather than purchasing a life annuity? 1. Continued control of how the funds are invested. II. The ability to make unforeseen withdrawals. III. No longer exposed to the risk that your investment may decrease in value II and III All the responses I and III O I and

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