Asked by Roselyn Villaruz on May 28, 2024

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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.
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Trevor SherifMay 28, 2024
Final Answer :
B
Explanation :
Tilting retirement savings toward later years often involves investing in riskier assets that potentially offer higher returns but come with increased volatility. Investors more tolerant of risk are better suited for this strategy, as they can handle the ups and downs in pursuit of greater long-term gains.