Elag for R Fabiola is an optometrist and an incorporated professional. She has fallen behind schedule regarding saving for retirement. She is considering opening an Individual Pension Plan (IPP). What provision might encourage her to use an IPP? O When Fabiola files her personal tax return, she will be able to claim contributions as an eligible deduction. O Her pension benefit is not pre-determined because it is based on the returns on investments which she chooses. Contributions to her IPP can be greater than what applies to contributions for registered retirement savings plans. O O Withdrawals will be taxable to the business, not to Fabiola, when she starts receiving her pension income. Recording Whiteboard Which of the following statements regarding fund of funds (FOF) is correct? O FOFS are suitable for investors who like to construct their own mutual fund portfolios. Investors are expected to re-balance their own portfolios in a FOF The multi-manager approach means the FOF can diversify across investment styles. O FOFS typically have lower MERS compared to stand-alone funds.
Elag for R Fabiola is an optometrist and an incorporated professional. She has fallen behind schedule regarding saving for retirement. She is considering opening an Individual Pension Plan (IPP). What provision might encourage her to use an IPP? O When Fabiola files her personal tax return, she will be able to claim contributions as an eligible deduction. O Her pension benefit is not pre-determined because it is based on the returns on investments which she chooses. Contributions to her IPP can be greater than what applies to contributions for registered retirement savings plans. O O Withdrawals will be taxable to the business, not to Fabiola, when she starts receiving her pension income. Recording Whiteboard Which of the following statements regarding fund of funds (FOF) is correct? O FOFS are suitable for investors who like to construct their own mutual fund portfolios. Investors are expected to re-balance their own portfolios in a FOF The multi-manager approach means the FOF can diversify across investment styles. O FOFS typically have lower MERS compared to stand-alone funds.
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.3: Special Savings Plans And Goals
Problem 5R
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