Which statement best describes the 50% rule? (1 point) Responses Individuals should save and invest 50% of their income. Individuals should save and invest 50% of their income. Individuals should invest 50% of their savings in retirement accounts. Individuals should invest 50% of their savings in retirement accounts. Individuals should spend up to only 50% of their medium-term savings then build savings back up. Individuals should spend up to only 50% of their medium-term savings then build savings back up. Individuals should build back 50% of the spent savings after 10 years.
1 answer
The statement that best describes the 50% rule is: Individuals should spend up to only 50% of their medium-term savings then build savings back up.
The 50% rule typically refers to the idea of limiting spending to ensure that savings can be restored after expenditures.
