Short-term retirement planning usually involves

Question

Quizplus · Accepted Answer

Short-term retirement planning typically involves a time horizon of 3 to 5 years, as opposed to long-term planning which covers a time frame of 10 years or more. This may involve setting specific financial goals to be achieved within this time frame, such as paying off debt or increasing retirement savings. It does not necessarily require saving large amounts annually or using more risky investments, but may involve adjusting spending and budgeting habits to achieve these goals within the specified time frame. Reducing inflation projections is not typically a strategy used in short-term retirement planning.

Short-Term Retirement Planning Usually Involves