A Decade Ago Simon Had Planned to Retire by the Time

question 11

True/False

A decade ago Simon had planned to retire by the time he was sixty. But he's now in his mid-60s and has decided to continue working. In fact, not only is Simon still working, he has no intention of retiring or setting a time when retirement might occur. Simon's decision to keep working into his sixties is unusual in today's labor market.

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Definitions:

Marking to Market

The process of updating the value of an asset to its current market levels for accounting and regulatory purposes.

Future Positions

Contracts to buy or sell a specific quantity of a commodity, currency, or financial instrument at a predetermined price at a future date.

Daily Settlement

The process of settling trades at the end of each trading day, including the calculation of gains and losses.

Maintenance Margin

The minimum amount of equity that must be maintained in a margin account after a purchase has been made, in order to keep the account open.