Question

Rebecca Murphy is planning for her retirement. She has done some checking and thinks she will get about $1025 a month from social security. She also thinks her pension plan at her work will pay her about $1125 per month. In addition, she has some personal retirement accounts that she thinks will pay her $500 per month. What step in the retirement planning process is Rebecca completing?

Answer 1

evaluating her planned retirement income.

Step-by-step explanation:

Based on the information provided within the question it seems that Rebecca Murphy is evaluating her planned retirement income. This step focuses on calculated how many and how much cash inflow will be received on a monthly basis for retirement. This will allow the individual to calculate and manage their cash in order to see what retirement options they may have.