What Is the Third Step of a Retirement Needs Analysis

question 13

Multiple Choice

What is the third step of a retirement needs analysis?

• A)Establish risks and tolerance for them
• B)Determine rates and ages to be used for calculations
• C)Develop retirement income,expenses,and required capital withdrawals.
• D)Calculate lump sum needed at retirement
• E)None of the above

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Definitions:

Functional Thinking

A problem-solving approach that focuses on how things work and seeking practical ways to accomplish a given task.

Circular Thinking

A form of reasoning in which the conclusion is pre-assumed in one of the premises, often leading nowhere or to logical fallacies.

Imaging

A technique used to visualize the internal structures of the body for diagnostic purposes.

Divergent Thinking

A thought process used to generate creative ideas by exploring many possible solutions.