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Retirement Planning

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Questions and Answers

Which of the following is NOT one of the three stages of retirement mentioned in the text?

Passive

Active

Supported

Inactive (correct)

Which of the following is NOT mentioned as a source of retirement income in the text?

Working into retirement

Savings accounts (correct)

Social Security

Pensions

What are two examples of retirement assets mentioned in the text?

Primary Home and Secondary Home (correct)

Investment Accounts and Business Interests

Income producing real estate and Retirement Accounts

Vehicles and personal property

Which of the following is NOT one of the largest risks in retirement planning?

Disability Signup and view all the answers

What is the purpose of the '4% rule' in retirement planning?

To calculate the amount you can withdraw each year in retirement Signup and view all the answers

What is a common misconception about retirement spending?

Retirees typically spend less in retirement compared to their pre-retirement income Signup and view all the answers

What is the recommended percentage of income to save for retirement, according to many financial planners?

10-15% Signup and view all the answers

Which of the following is NOT mentioned as a source of retirement income in the text?

Inheritance Signup and view all the answers

What is the primary home mentioned as a source of retirement assets?

A house that you own and live in Signup and view all the answers

What are the three stages of retirement mentioned in the text?

Active, Passive, and Supported Signup and view all the answers

What is the primary risk associated with the 'sequence of returns' in retirement planning?

Negative impact on retirement Signup and view all the answers

What is the purpose of the '4% rule' in retirement planning?

To calculate the amount to withdraw each year in retirement Signup and view all the answers

What is the recommended savings target for retirement, according to the text?

10% to 15% of income Signup and view all the answers

What is one way to mitigate the risk of outliving your savings in retirement?

Changing expectations in retirement Signup and view all the answers

Retirement Planning

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Podcast

Questions and Answers

Which of the following is NOT one of the three stages of retirement mentioned in the text?

Which of the following is NOT mentioned as a source of retirement income in the text?

What are two examples of retirement assets mentioned in the text?

Which of the following is NOT one of the largest risks in retirement planning?

What is the purpose of the '4% rule' in retirement planning?

What is a common misconception about retirement spending?

What is the recommended percentage of income to save for retirement, according to many financial planners?

Which of the following is NOT mentioned as a source of retirement income in the text?

What is the primary home mentioned as a source of retirement assets?

What are the three stages of retirement mentioned in the text?

What is the primary risk associated with the 'sequence of returns' in retirement planning?

What is the purpose of the '4% rule' in retirement planning?

What is the recommended savings target for retirement, according to the text?

What is one way to mitigate the risk of outliving your savings in retirement?

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