The First Step in Retirement Planning Is to

question 133

Multiple Choice

The first step in retirement planning is to

• A)determine how large a nest egg is required.
• B)consider your longevity.
• C)define your investment program.
• D)determine your income-earning assets.
• E)set retirement goals.

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Definitions:

Operational

Pertaining to or involving the practical application of ideas, procedures, and processes rather than theoretical aspects.

Centered

Focuses on placing importance or emphasis on a particular element or aspect in a context or situation.

Mental Module

The concept of specialized, domain-specific regions or networks in the brain responsible for various cognitive functions.

Preoperational Stage

According to Piaget, the stage of thinking between infancy and middle childhood, in which children are unable to decenter their thinking or to think through the consequences of an action.