Asked by Roselyn Villaruz on May 28, 2024
Verified
Tilting your retirement savings plan toward your later years should only be done by investors ________.
A) who are sufficiently risk averse
B) who are more tolerant of risk
C) who are unsure if their income growth will keep up with inflation
D) who want to retire early
Risk Averse
A descriptive term for investors or individuals who prefer lower risk or uncertainties, often choosing investments with smaller potential returns to avoid losing money.
Retirement Savings Plan
A retirement savings plan is a financial arrangement designed to replace employment income upon retirement, which can include various types of accounts like 401(k)s and IRAs.
- Recognize the varieties of insurance that contribute to sustained financial security.
Verified Answer
Learning Objectives
- Recognize the varieties of insurance that contribute to sustained financial security.
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