Beverly Foster is planning for her retirement.She has determined that her car is worth $12,000,her home is worth $160,000,her personal belongings are worth $80,000,and her stocks and bonds are worth $250,000.She owes $50,000 on her home and $5,000 on her car.What step in the retirement planning process is Beverly completing?

Question

Quizplus · Accepted Answer

Beverly is assessing her current financial situation by calculating the value of her assets (car, home, personal belongings, stocks, and bonds) and her liabilities (debts on her home and car), which is a key step in analyzing her current assets and liabilities.

Beverly Foster Is Planning for Her Retirement