People Should Never Dip into Their Savings in Retirement

question 61

True/False

People should never dip into their savings in retirement.

---

Definitions:

Socioeconomic standing

A composite measure of an individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Remarriage

The act of marrying again after a divorce or the death of a spouse.

Socioeconomic level

A categorization of individuals or groups based on their economic and social position in relation to others, determined by factors like income, education, and occupation.

Race/ethnicity

Categories that distinguish people in terms of physical characteristics, ancestry, historical affiliations, or shared culture.