Retirement planning starts with:
A)determining the size of the required nest egg.
B)considering the longevity of the retiree.
C)defining the investment program.
D)determining the interest on income-earning assets.
E)the setting of retirement goals.

Question

Quizplus · Accepted Answer

Retirement planning should start with setting clear retirement goals. This helps in determining how much money needs to be saved, what type of lifestyle is desired during retirement, and when retirement is expected to happen. Once these goals are defined, the other aspects such as determining the size of the required nest egg, considering the longevity of the retiree, defining the investment program, and determining the interest on income-earning assets can be worked on accordingly.

Retirement Planning Starts With