PLS HELP ASAP ON BOTH 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 LIFO 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.

Answer 1: Zachary is 65 years old, has just retired, has a "low" risk profile, and a short-term time…

Answered: One of your clients, Fernando, is…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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PLS HELP ASAP ON BOTH

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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