Nancy Moore Is Planning for Her Retirement

Nancy Moore is planning for her retirement.She guesses that by the time she retires her mortgage will be paid off on her home.She expects she will pay $600 a month on food and that her medical expenses will be $400 a month.She also estimates that she will spend $400 a month on things that she enjoys like traveling,going to concerts,reading and other similar activities.What step in the retirement planning process is Nancy completing?

A) analyzing her current assets and liabilities
B) estimating her spending needs
C) evaluating her planned retirement income
D) evaluating her retirement housing
E) developing a balanced budget based on her retirement income