When Estimating Your Budget or Spending Plan at Retirement, You

question 111

Multiple Choice

When estimating your budget or spending plan at retirement, you should consider all of the following except

• A) Checking that you are receiving all income to which you are entitled.
• B) Evaluating all assets or valuables that you might be able to convert to cash or sources of income.
• C) Receiving special discounts because of your retiree status or age.
• D) Taking advantage of free and low-cost recreation opportunities.
• E) Withdrawing all retirement savings within five years of retirement.

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Definitions:

Sources Of Power

The origins or bases from which an individual, group, or organization derives the ability to influence others.

Referent Power

A form of personal power arising from the attraction others feel towards an individual or the desire to be like that individual.

Legitimate Power

The authority a person or position holds within an organization, recognized as rightful by its members, which allows them to influence others.