For an Investor with Little Time or Desire to Follow

question 120

True/False

For an investor with little time or desire to follow the markets,a life cycle fund would be an appropriate choice for their retirement savings.

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Definitions:

Philanthropist

An individual who seeks to promote the welfare of others, typically through generous donations of money to good causes.

Ego Identity

A sense of self that develops through social interaction and becomes a central focus during the identity vs. role confusion stage of psychosocial development.

Ego Transcendence

The process by which individuals come to terms with their life, achieving a sense of completeness or fulfillment beyond their own ego or self.

Monika Ardelt

A notable sociologist known for her research on aging, particularly the concept of wisdom and its impact on well-being in later life.