Rebecca Murphy Is Planning for Her Retirement

question 142

Multiple Choice

Rebecca Murphy is planning for her retirement.She has done some checking and thinks she will get about $1,408 a month from Social Security.She also thinks her pension plan will pay her about $1,125 per month.In addition,she has some personal retirement accounts that she thinks will pay her $400 per month.What step in the retirement planning process is Rebecca 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

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