Which of the following is true regarding financial planning?

Question

Quizplus · Accepted Answer

According to studies, women are less likely to have retirement pensions than men. This can be due to various reasons such as wage inequality, career gaps, and part-time work. It highlights the importance of financial planning for women to ensure a secure retirement. Option A is false as solely relying on social security may not be enough to cover all expenses in retirement. Option B is incorrect as signing up for a company's retirement plan is a good way to save for the future. Option D is false as women tend to outlive men on average and therefore need income for a longer period of time.

Which of the Following Is True Regarding Financial Planning