The allegations of paragraph 32 of the Complaint require no answer of. Defendants but to the extent that they require an answer, Defendants deny those allegations. Case 3:13-cv-01461-G Document 8 Filed 04/25/13 Page 4 of 9 PageID 185. DEFENDANTSâ ORIGINAL ANSWER AND AFFIRMATIVE DEFENSES.
RRSP Strategies at age 71. The year in which you turn 71 is a pivotal year in your retirement planning. Government regulations require that you terminate your Registered Retirement Savings Plan (RRSP) by December 31 st of your 71 st year.our options will include converting your RRSP into a Registered Retirement Income Fund (RRIF) or choosing other RRSP maturity or retirement income options. 1  Your final contribution to your RRSP: You can make one last contribution to your RRSP in the year that you turn 71, based on your RRSP contribution limit.
The minimum withdrawal is based on a percentage of your RRIF assets and increases with your age. For example, the minimum RRIF withdrawal rate is 7.38% at the age of 71 (the last year in which you can hold an RRSP) and levels off at 20% at 94 years and over.Just like withdrawals from an RRSP, all withdrawals from a RRIF are taxable, and there is no maximum withdrawal limit.eep savings tax-sheltered. Like an RRSP, a RRIF is a tax-sheltered vehicle in which you make the investment decisions. You have complete flexibility in tailoring an investment strategy to meet your financial needs. Make ongoing withdrawals.