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Which of the following is true when converting from the accumulation stage of an RSP to the income payout phase? Question 14 options: Wesley is

Which of the following is true when converting from the accumulation stage of an RSP to the income payout phase?

Question 14 options:

Wesley is disallowed to make a lump sum withdrawal upon converting his RSP into a RIF

Ingrid can convert her RSP into a RIF but will be required to purchase an annuity at the age of 80

Izabella will continue to have control of her investments should she elect to transfer her RSP into a RIF

Wendy will not be able to transfer her funds from an RSP into a RIF and annuity simultaneously even though she desires to utilize both options

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