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 listing the value of her car, home, personal belongings, stocks and bonds, as well as the amount she owes on her home and car. This step is important because it helps her understand her current financial position and what she needs to do in order to achieve her retirement goals.

Beverly Foster Is Planning for Her Retirement