Do You Feel That When You Retire There Will Still

question 2

Essay

Do you feel that when you retire there will still be Social Security? If so,do you feel that benefits will be at present levels or tax rates will have increased? Finally,has this discussion changed your plans regarding your own personal savings for your retirement?

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Definitions:

LIFO Periodic

An inventory valuation method, Last In First Out, used in periodic inventory systems where the last items added to the inventory are assumed to be sold first.

Perpetual LIFO

Perpetual LIFO, or Last-In, First-Out, is an inventory accounting method continuously updating inventory and costs of goods sold by assuming the last items purchased are the first to be sold.

Ending Inventory

The worth of products ready for purchase at the conclusion of a financial period.