Question

Beverly Foster is planning for her retirement. She has determined that her car is worth $10,000, her home is worth $150,000, her personal belongings are worth $100,000 and her stocks and bonds are worth $300,000. She owes $50,000 on her home and $5000 on her car. What step in the retirement planning process is Beverly completing?

A. Analyzing her current assets and liabilities


B. Estimating her spending needs


C. Evaluating her planned retirement income


D. Developing a balanced budget based on her retirement income

Answer 1

the answer is A im not sure but i believe that is what it is

Answer 2

Answer:

Analyzing her current assets and liabilities ( A )

Explanation:

during retirement planning there are several steps to be taken to make sure someone achieves a very smooth retirement not full of stress and depression due to wrong planning steps taken.

Analyzing one's assets and Liabilities is a very important step which will help you know how much you are in a debt or how much you are in credit prior to retirement this step will set the pace for other steps to be taken like Estimating her spending needs based on that.

Evaluating her planned retirement income is a very important step as well added to the analysis on her current assets and liabilities. this will help her develop a balanced budget.