Retirement Income
Income you receive in retire is knows as passive or active income?
Passive
This reason we don't save enough money for retirement is caused by procrastination
Not starting early enough
When planning for retirement, should you assume a conservative or aggressive rate of return?
Conservative
This kind of income is offered through a plan that not everyone may receive, and is a benefit offered by some company or government agencies.
A person being a gig worker or living in a gig economy might have this reason for not saving enough money for retirement
Not consistently earning enough money to be able to save a significant amount
What year do they estimate US Treasury Fund funds for retirement to run out?
2034
This retirement income is generated by 401Ks, Roth IRAs or other similar accounts
Investment accounts
This reason for not saving enough for retirement could be fixed by research or talking to an advisor, or by doing todays worksheet
Not knowing how much to save
Why are funds for social security declining?
This income is generated by deducting from your paycheck over time, and should not be fully counted on to be part of your retirement
Social Security
Why do we need slightly more each year of our retirement?
Inflation
What did they recently have to do for the first time regarding social security payouts?
Dip into reserves
This income is made by taking amounts of money over time and setting them into a safe account that is not effected harshly by markets
Savings
Why don't we all need to save the same amount for retirement? What are the two main factors?
Duration and Lifestyle
True or False. In retirement, Mr. Cordell plans to travel to Ireland to watch Notre Dame football play there, and he may just stay there.
Both