Planning for Retirement Typically Is Built on the "Three-Legged Stool

question 14

Multiple Choice

Planning for retirement typically is built on the "three-legged stool" consisting of:

• A)Social Security, pensions, and private savings
• B)private savings, 401k accounts, and mutual funds
• C)bond accounts, Social Security, and employment
• D)Social Security, employment, and inheritance
• E)private savings, pensions, and Supplemental Security Income

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Definitions:

Credit Column

A section in financial accounting records where increases in liabilities, revenues, and equity accounts, and decreases in assets and expenses are recorded.