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Your friend's grandmother who is now 71 years old has $500,000 in her RRSP account. Please discuss briefly the three retirement income conversion options. Moreover,

Your friend's grandmother who is now 71 years old has $500,000 in her RRSP account. Please discuss briefly the three retirement income conversion options. Moreover, please share clearly and specifically which one of the three options you would recommend for her, and provide a concise reason(s) for the recommendation.

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