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Answer
To the question: What proportion of families held their entire RRSP portfolio in variable-value assets (mutual funds, stocks or bonds)?
The correct answer is B: 59%
The majority of families (59%) with RRSPs held their entire RRSP portfolios in investments with variable values while only one-quarter held exclusively assets with predictable values.
Two-thirds of younger families held all of their RRSPs in investments with variable values, substantially more than older families (close to half for families with a major income recipient aged 55 or older). This follows a life-cycle model of investment, where the risk associated with higher but variable returns gradually gives way to the need to have more stable or predictable income in retirement.
Families by asset allocation category
Families by asset allocation category
Source: RRSP investments HTML | PDF
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