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With regard to a locked-in retirement account (LIRA), which of the following statements is/are true? 1. The plan has a minimum and maximum annual limit

With regard to a locked-in retirement account (LIRA), which of the following statements is/are true? 1. The plan has a minimum and maximum annual limit imposed on income taken from the plan. 2. Withdrawals for the Lifelong Learning Plan are not permitted. 3. The plan must mature by the end of the year in which the annuitant reaches age 71. Question options: 1 only 2 only 3 only 2 and 3

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