LIRAs and Locked-In RRSPs Are a Lot Less Flexible Than

question 64

True/False

LIRAs and locked-in RRSPs are a lot less flexible than RRSPs because they convert to LIFs and LRIFs and have limits on the amounts that can be withdrawn each year.

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Definitions:

Somnambulism

Also known as sleepwalking, it is a behavior disorder originating during deep sleep leading to walking or performing other complex behaviors while asleep.

Sleep Apnoea

A sleep disorder where breathing repeatedly stops and starts during sleep, often leading to daytime fatigue.

Night Terror

A sleep disorder causing feelings of panic or dread, typically occurring during non-REM sleep and resulting in partial awakening.

Insomnia

A sleep disorder characterized by difficulty falling and/or staying asleep.