In Short-Term Retirement Planning,you Estimate the Required Level of Retirement

question 82

True/False

In short-term retirement planning,you estimate the required level of retirement income as a percentage of current income,fund that amount,and then adjust that number every 3 to 5 years.

---

Definitions:

Referent Power

A form of influence based on the attractiveness and charisma of the leader, which inspires loyalty and admiration.

Expert Power

The ability to influence others based on recognized knowledge, skills, or expertise.

Legitimate Power

Power that is recognized as rightful or official within a particular social or organizational framework.

Political Behavior

Actions not officially sanctioned by an organization that are taken to influence others in order to meet one’s personal goals.