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One of your clients, Fernando, is approaching 71 years of age and has a few questions regarding life income funds (LIFS). Which of the following statements about LIFS is TRUE? O Fernando can transfer money from his locked-in retirement account (LIRA) to a LIF O Fernando can transfer money from his registered retirement savings plan (RRSP) to a LIF ○ Fernando is free to withdraw any amount from his LIF above the minimum amount. O Fernando may make contributions to his LIF if he continues working. Which of the following CORRECTLY describes a client whose investment objectives would be 50% "safety" and 50% "income"? Carlos is 25 years old, is investing for his retirement, and has a time horizon exceeding 20+ years. Hazina is interested in growth oriented products, she has a 35-year time horizon, and high risk profile. Lule has a successful career, a high income, and is in the middle of her high-income earning years. O Zachary is 65 years old, he has just retired, has a "low" risk profile, and a short-term time horizon.

One of your clients, Fernando, is approaching 71 years of age and has a few questions regarding life income funds (LIFS). Which of the following statements about LIFS is TRUE? O Fernando can transfer money from his locked-in retirement account (LIRA) to a LIF O Fernando can transfer money from his registered retirement savings plan (RRSP) to a LIF ○ Fernando is free to withdraw any amount from his LIF above the minimum amount. O Fernando may make contributions to his LIF if he continues working. Which of the following CORRECTLY describes a client whose investment objectives would be 50% "safety" and 50% "income"? Carlos is 25 years old, is investing for his retirement, and has a time horizon exceeding 20+ years. Hazina is interested in growth oriented products, she has a 35-year time horizon, and high risk profile. Lule has a successful career, a high income, and is in the middle of her high-income earning years. O Zachary is 65 years old, he has just retired, has a "low" risk profile, and a short-term time horizon.

Economics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST3: The Stock Market: Its Function, Performance, And Potential As As Investment Opportunity
Section: Chapter Questions
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One of your clients, Fernando, is approaching 71 years of age and has a few questions regarding life income funds (LIFS). Which of the following statements about LIFS is TRUE? O Fernando can transfer money from his locked-in retirement account (LIRA) to a LIF O Fernando can transfer money from his registered retirement savings plan (RRSP) to a LIF ○ Fernando is free to withdraw any amount from his LIF above the minimum amount. O Fernando may make contributions to his LIF if he continues working.
Transcribed Image Text:One of your clients, Fernando, is approaching 71 years of age and has a few questions regarding life income funds (LIFS). Which of the following statements about LIFS is TRUE? O Fernando can transfer money from his locked-in retirement account (LIRA) to a LIF O Fernando can transfer money from his registered retirement savings plan (RRSP) to a LIF ○ Fernando is free to withdraw any amount from his LIF above the minimum amount. O Fernando may make contributions to his LIF if he continues working.
Which of the following CORRECTLY describes a client whose investment objectives would be 50% "safety" and 50% "income"? Carlos is 25 years old, is investing for his retirement, and has a time horizon exceeding 20+ years. Hazina is interested in growth oriented products, she has a 35-year time horizon, and high risk profile. Lule has a successful career, a high income, and is in the middle of her high-income earning years. O Zachary is 65 years old, he has just retired, has a "low" risk profile, and a short-term time horizon.
Transcribed Image Text:Which of the following CORRECTLY describes a client whose investment objectives would be 50% "safety" and 50% "income"? Carlos is 25 years old, is investing for his retirement, and has a time horizon exceeding 20+ years. Hazina is interested in growth oriented products, she has a 35-year time horizon, and high risk profile. Lule has a successful career, a high income, and is in the middle of her high-income earning years. O Zachary is 65 years old, he has just retired, has a "low" risk profile, and a short-term time horizon.
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