How Can You Catch Up on Your Retirement Savings If

question 43

Multiple Choice

How can you catch up on your retirement savings if you have not met your targeted amount?

• A)Put off your date of retirement
• B)Contribute more to your current retirement account
• C)Plan to continue to work part-time into retirement
• D)All of the options are correct.

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Definitions:

Population Mean

The average of a set of values in the entire population.

Margin of Error

An expression of the extent to which a sample statistic may differ from the true population parameter; it quantifies uncertainty in estimation.

Z Value

A measure in statistics that represents the number of standard deviations a data point is from the mean.

Confidence Interval

A range of values used in statistics that estimates where a true parameter value for a given population lies with a certain level of confidence.