What Is the Best Approach for Estimating Retirement Expenses

question 16

Multiple Choice

What is the best approach for estimating retirement expenses?

• A) Seventy-Eighty percent of salary
• B) Seventy-Eighty percent of pre-retirement expenses
• C) Divide fixed and flexible expenses into "key" separate categories and estimate expenses for each category
• D) One hundred percent of pre-retirement expenses
• E) One hundred and fifty of pre-retirement expenses

---

Definitions:

Suppliers

Businesses or individuals that provide goods or services to another business, often as part of a supply chain.

Vineyards

Estates or plantations where grape vines are grown for winemaking purposes, often featuring different grape varieties suited to the region's climate and soil.

Just in Time (JIT)

A production methodology aimed at reducing flow times within production systems as well as response times from suppliers and to customers.

Quick Response (QR)

A technology that uses barcodes to provide instant access to information via a smartphone scan, often used for marketing, payment, or product information.