The First Step in Retirement Planning Is to Set Retirement

question 47

True/False

The first step in retirement planning is to set retirement goals.

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Definitions:

Specific Performance

A legal remedy requiring a party to perform a specific act, often used in contracts when monetary compensation is inadequate.

Breach of Contract

The violation of any of the agreed-upon terms and conditions in a contract without lawful excuse.

Unenforceable

A term describing a contract or agreement that, due to certain defects or circumstances, cannot be legally compelled or executed.

Promise

An assurance given by one party to another agreeing to do or not do something in the future.