Nancy Moore Is Planning for Her Retirement

question 26

Multiple Choice

Nancy Moore is planning for her retirement.She guesses that by the time she retires,her mortgage will be paid off on her home.She expects she will pay $600 a month on food and that her medical expenses will be $400 a month.She also estimates that she will spend $400 a month on things that she enjoys like traveling,going to concerts,reading and other similar activities.What step in the retirement planning process is Nancy completing?

• A)Analyzing her current assets and liabilities
• B)Estimating her spending needs
• C)Evaluating her planned retirement income
• D)Evaluating her retirement housing
• E)Developing a balanced budget based on her retirement income

Grasp the concept of successful aging and the strategies to achieve it.

Understand the impact of socioemotional selectivity theory on older adults' social interactions.

Recognize the theoretical perspectives on aging, such as disengagement theory, activity theory, and psycho-social theories of late adulthood.

Examine the role of religion, leisure activities, and life reviews in the well-being of older adults.

---

Definitions:

On-Site Management

refers to the direct oversight and administration of operations, facilities, or assets at their physical location.

Business Training

Educational programs aimed at enhancing the skills and knowledge of individuals to improve performance and productivity in a business setting.

Marketing Programs

Structured plans or strategies implemented by companies to promote and sell their products or services.