Question

Question 6 of 20

Which statement about retirement planning is true?
A. Retirement planning involves accounting for an income after you
retire.
OB. Retirement planning involves accounting for all future expenses.
OC. Retirement planning only considers immediate investment risks.
OD. Retirement planning assumes your income will go up once you
stop working.

Answer 1

OA. Retirement planning involves accounting for an income after you retire.

Step-by-step explanation:

Retirement planning is the process of setting aside money or other resources to fund your lifestyle and expenses after you stop working. It involves estimating your expenses, your sources of income, and creating a plan to ensure that you have enough money to cover your living expenses during retirement. One of the key aspects of retirement planning is to ensure that you have a steady stream of income to support your lifestyle after you retire. This can come from sources such as Social Security, pensions, and investments.