Question

1a. The most important aspect that comes out of the numbers is that my money will last for my life expectancy.

A. True B. False?

1b. Your individual retirement attitude is improved by an income plan that considers emotional and financial needs.

A. True B. False?

1c. Creating peace of mind and contentment is achieved by making sure you have enough money to last for your lifetime.

A. True B. False

1d. The major areas of risk a retiree must navigate during the retirement stage of life are:

1. Longevity
2. The decrease in purchasing power
3. Ups and downs of the markets
4. Threats to one’s financial security
5. All the above
6. A and C

Answer 1

1a) FALSE

Life expectancy is not a real factor. Its expected that you will live that much of life, but is not sure about it.

1b) TRUE

When you have an income plan, you are automatically more confident about your life because you know that all your emotional & financial needs will be satisfied with that income.

1c) TRUE

If at the time of retirement, you know that you have no money to survive now, you will not achieve peace of mind. Because you will not be able to survive with the basic needs of life .

1d) E - All of the Above

A retiree must navigate all the risks about its securities , purchasing powers etc, because now he will mostly have investment incomes & incomes from the money he has saved & invested. If one won't navigate the risks associated with all the things, he can loose money.