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:

Older Adults

Individuals who are in the later stages of life, typically classified as being 65 years or older.

Young Adults

Individuals in the age group that falls between adolescence and full-fledged adulthood, often defined as ages 18 to 25.

Dissatisfaction

A sensation of dissatisfaction or sadness due to expectations or needs not being fulfilled.

Egalitarian Relationships

Relationships characterized by equality, where individuals have equal rights, responsibilities, and opportunities without discrimination on any basis.