Which of the Following Is a True Statement About Retirement

question 47

Multiple Choice

Which of the following is a true statement about retirement planning?

• A)You can expect to spend about 16 to 30 years in retirement.
• B)It's never too early to begin planning for retirement.
• C)You should not let your 45^th birthday roll by without a comprehensive retirement plan.
• D)Retirement planning has both emotional and financial components.
• E)All of the other statements are truE.

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Definitions:

Government Intervention

The direct or indirect involvement of governmental actions in the market to influence the economy, correct market failures, or protect the public interest.

John Maynard Keynes

A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments, emphasizing the importance of government intervention during economic downturns.

Milton Friedman

An influential American economist known for his strong belief in free-market capitalism and for winning the Nobel Prize in Economic Sciences in 1976.

Classical Economists

Economists from the 18th and 19th centuries who focused on the free market, advocating for limited government intervention.