Which of the Following Would Be Considered a "Social" Age-Related

question 43

Multiple Choice

Which of the following would be considered a "social" age-related factor in the biopsychosocial perspective?

• A) Improving in wisdom.
• B) Losing muscle strength.
• C) Becoming a grandparent.
• D) Increasing in conscientiousness.

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Definitions:

Defined-contribution Plans

Retirement plan wherein employees contribute a fixed amount or a percentage of their paychecks into an account that is intended to fund their retirements.

Maximum Contribution Limits

The highest amount that can be contributed to a retirement plan, savings account, or other tax-advantaged account in a given period without incurring penalties.

Qualified Pension Plan

A retirement plan that meets requirements set forth by the IRS, providing tax advantages such as tax-deferred growth on earnings and deductible contributions.

Employer-sponsored Retirement Plan

A retirement savings plan offered by employers to their employees, often with matching contributions.