The Main Financial Problem Associated with the Early Adult Years

question 32

Multiple Choice

The main financial problem associated with the early adult years is:

• A) compensating for loss of income to the family in the event of a premature death of main wage earner
• B) loss of retirement income in the event of a premature death of main wage earner
• C) the problem of paying estate taxes
• D) providing lifelong income for the children

---

Definitions:

Long-term Goals

Objectives or targets that are intended to be achieved over an extended period, typically several years.

Urgent Priorities

Tasks or responsibilities that require immediate attention due to their importance or deadlines.

Professionalism

The conduct, behavior, and attitude expected of individuals in a work or business environment, characterized by efficiency, responsibility, and ethical standards.

Self-assessment

The process of evaluating one's own abilities, performance, and qualities.