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Explain to dakota the options available

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Reference no: EM132481040

Dakota is 64 years of age worked as a brew master for Big Knuckles Brewery. He retired last year and has a Locked-in Retirement Account (LIRA) that holds his RPP from Big Knuckles. Dakota wants to transfer the LIRA to a type of account that will provide retirement income. Explain to Dakota the options available and any specific restrictions, if any, that apply to those options. 

Reference no: EM132481040

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