Asked by Hayley Brown on Jun 30, 2024
Verified
Retirement planning is important because ______.
A) Social Security cannot support all the people in the United States
B) leaving work represents a major life transition
C) people are leaving work earlier than in years past
D) individuals who have left work have more pressures than ever before
Social Security
A government program that provides financial assistance to people with an inadequate or no income, primarily the elderly, disabled, and families with dependent children.
Major Life Transition
Describes significant life changes or events that require substantial adjustment, such as marriage, parenthood, or retirement.
- Comprehend the criticality of retirement planning and the determinants that impact decisions related to retirement.
Verified Answer
ZK
Zybrea KnightJul 05, 2024
Final Answer :
B
Explanation :
Retirement represents a major life transition, and proper planning can help individuals navigate this change successfully. The other options are either incorrect (Social Security is a factor but not the only reason why retirement planning is important) or too general (people have always retired at different times and may experience different pressures).
Learning Objectives
- Comprehend the criticality of retirement planning and the determinants that impact decisions related to retirement.
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