8 Questions
What is one potential source of personal income for Barbara?
Government pension
How might Barbara's income change at this life stage?
Decrease due to retirement
What effect will the loss of Barbara's partner have on her personal income?
Reduction in combined income
What are the potential consequences on Barbara's personal income if she decides to visit her children and grandchildren more regularly?
Increased expenses for travel and accommodation
How can Barbara minimize the effect on her personal income if she decides to change her living arrangements in retirement?
Downsizing to a smaller and more affordable home
What is a way for Barbara to maximize the effect on her personal income if she decides to change her living arrangements in retirement?
Renting out a portion of her property for additional income
Which option is a plausible solution to improve Barbara's financial situation?
Investing in diverse retirement funds
What could justify Solution A for Barbara to improve her financial situation?
Diversification of investment portfolio
Read each part of the scenario and answer the questions that follow. The scenario involves a student transitioning to university, balancing work and study, and living arrangements.
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