Your First Step in Retirement Planning Is To

question 128

Multiple Choice

Your first step in retirement planning is to:

• A)estimate your spending needs.
• B)analyze your current assets and liabilities.
• C)adjust your spending needs for inflation.
• D)evaluate your planned retirement income.
• E)determine if you'll have to work during retirement.

---

Definitions:

Inequitable

Unfair or not just; an imbalance in the way people or groups are treated.

Equal Distribution

The sharing of resources, wealth, or opportunities among all members of a society or group in a way that is considered fair and equitable.

Lorenz Curve

A graphical representation of income or wealth distribution within an economy, indicating inequality.

45-degree Line

describes a line usually used in economics and other disciplines, where every point on it has equal x and y coordinates, often used as a benchmark in Keynesian cross diagrams.