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QRP $24,000 Question

9 years ago
I understand the QRP requirement to show funds availability of $2,000 per month, but not sure what that means after the first year.

Do you simply need to maintain $24,000 in your account for renewal years?

Do you need to continue deposits of $2,000 a month following that, and only draw from the account down to the $24,000 level?

Can someone please clear up this piece for me?

Thank you!!!

SJB Global
SJB Global
SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB Global
SJB Global

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