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 $5,000 on her car.What step in the retirement planning process is Beverly completing?

Question

Quizplus · Accepted Answer

Beverly is analyzing her current assets and liabilities by determining the value of her car, home, personal belongings, and stocks and bonds, as well as the amount she owes on her home and car. This is an important step in retirement planning as it allows her to understand her current financial position and make informed decisions about how to allocate her resources in retirement.

Beverly Foster Is Planning for Her Retirement