Your First Step in Retirement Planning Is To

question 128

Multiple Choice

Your first step in retirement planning is to:

• A)estimate your spending needs.
• B)analyze your current assets and liabilities.
• C)adjust your spending needs for inflation.
• D)evaluate your planned retirement income.
• E)determine if you'll have to work during retirement.

---

Definitions:

Express Condition

A condition specifically and explicitly stated in a contract and usually preceded by words such as conditioned on, if, provided that, or when.

Equitable Relief

A type of legal remedy, including injunctions or specific performance, that requires a party to act or refrain from acting, rather than to pay damages.

Irreparable Harm

Damage or injury that cannot be adequately remedied by money damages and therefore often justifies a court's granting of injunctive relief.

Materially Breached

Pertaining to a serious violation or failure to perform one’s duties under a contract that justifies the other party's right to terminate the agreement.