Answered

Which statement is generally true about retirement?

A. Your income will decrease, while your expenses will increase.
B. Your income will increase, while your expenses will stay the same.
C. Your income will increase, while your expenses will decrease.
D. Your income will decrease, while your expenses will stay the same.



Answer :

GinnyAnswer

Final answer:

Retirement typically results in income decrease with variable expenses, emphasizing the importance of savings and financial planning.


Explanation:

Retirement generally involves a decrease in income while expenses may vary. During working years, individuals tend to save and then draw on those savings during retirement. Savings are affected by factors such as fixed income, inflation, and pension variables.


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