Housing and Life Insurance Are So Important to Your Retirement

question 59

True/False

Housing and life insurance are so important to your retirement income that other investments can be ignored as you review your assets.

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Definitions:

Deposits

Money placed into a financial institution for safekeeping, which may earn interest over time.

Investment Plan

A financial strategy designed to help individuals allocate their capital towards investment vehicles with the aim of generating future profits.

Present Value

The present value of an anticipated amount of money or sequence of financial inflows, discounted by a particular return rate.

Payments

Amounts of money that are paid or due to be paid by one party to another for goods provided, services rendered, or debt obligations.