For the average individual,which one of the following statements is most likely correct regarding retirement?
A) My costs of daily living will decrease significantly once I retire.
B) I can only expect to live about ten years in retirement, so I don't need to save all that much money.
C) Once I retire, all my medical bills will be paid by Medicare.
D) My employer's pension plan will provide sufficient income to meet all my retirement needs.
E) I need to save whatever I can, even if it's a little bit, to help cover my retirement costs.
Correct Answer:
Verified
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