For the Average Individual, Which One of the Following Statements

question 34

Multiple Choice

For the average individual, which one of the following statements is most likely correct regarding retirement?

• A) My costs of daily living will decrease significantly once I retire.
• B) I can only expect to live about ten years in retirement, so I don't need to save all that much money.
• C) Once I retire, all my medical bills will be paid by Medicare.
• D) My employer's pension plan will provide sufficient income to meet all my retirement needs.
• E) I need to save whatever I can, even if it's a small amount, to help cover my retirement costs.

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Definitions:

Communication Vehicle

A medium or channel through which information, messages, or data are transmitted from a sender to a receiver.

Exert Leverage

The act of using one's advantage or influence to affect or sway outcomes in a desired way.

Particular Negotiation

A negotiation that is specific to a certain context, situation, or set of circumstances.

Designated

Denotes something that has been officially assigned or specified.