Eli is planning ahead for retirement. They should consider all of the following factors when determining how much they’ll need in retirement EXCEPT…

Question

Eli está planificando su jubilación. Debe considerar todos los siguientes factores al determinar cuánto necesitará para su jubilación, EXCEPTO...

A.
What age they plan to retire---A qué edad planean jubilarse

B.
The current balance in their checking account---El saldo actual en su cuenta corriente

C.
The lifestyle they want to lead in retirement---El estilo de vida que quieren llevar en la jubilación

D.
How much money they expect to receive through Social Security---Cuánto dinero esperan recibir a través del Seguro Social

Answer 1

Eli should consider all of the following factors when determining how much they’ll need in retirement EXCEPT:

B. The current balance in their checking account---El saldo actual en su cuenta corriente

The current balance in a checking account is generally not a significant factor in determining retirement needs, as it is not indicative of long-term financial stability or future income requirements. The other options (age of retirement, desired lifestyle, and expected Social Security income) are more relevant to planning for retirement.