Once You Retire, the First Step in Stretching Your Retirement

question 134

Multiple Choice

Once you retire, the first step in stretching your retirement income is to make sure that you are:

• A) contributing to Social Security.
• B) covered by an employer pension plan.
• C) contributing to a 401(k) plan.
• D) saving funds in an IRA.
• E) receiving all of the income to which you are entitled.

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Definitions:

Customer Recommendations

Suggestions or advice given by consumers about a product, service, or company based on their personal experience or satisfaction.

Share-Of-Wallet

A marketing term referring to the amount of the customer's total spending that a business captures in the products and services that it offers.

Production Costs

The total expenses incurred in the manufacturing of a product, including materials, labor, and overhead.

Customer Loyalty Rate

A metric that measures the proportion of customers who repeatedly purchase from a brand over a specific period, indicating their loyalty.