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Johanna Is Single and Self- Employed as a Technology Consultant

question 1643

Essay

Johanna is single and self- employed as a technology consultant. She wants to set money aside for her retirement. What tax and financial issues should she consider?


Definitions:

Outperform

To do better than others or than a benchmark, often used in the context of investment performance.

Frame Dependence

The influence of presentation or context on decision-making outcomes.

Loss Aversion

A cognitive bias where the pain of losing is psychologically about twice as powerful as the pleasure of gaining, impacting financial and investment decisions.

Professional Fund Managers

Professional fund managers are individuals or entities specialized in managing investment portfolios on behalf of clients, striving to achieve specified investment objectives through strategic asset allocation and security selection.

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