Which of the Following Is Poor Advice When Considering Retirement

question 109

Multiple Choice

Which of the following is poor advice when considering retirement planning?

• A)Start early.
• B)Take advantage of employer plans.
• C)Take advantage of tax savings.
• D)Rely primarily on OAS and CPP.

---

Definitions:

Disbursements

Financial payments made by a business, including cash expenditures, payments on debts, or distribution of dividends.

Beginning Balance

The amount of money in a given account at the start of a financial period.

Petty Cash Fund

A small amount of cash kept on hand for making immediate, minor expenditures.

Journal Entries

The recordation of financial transactions in a company's accounting system, typically involving a debit and credit entry.