In determining the amount of money you will need for retirement, you should consider

Question

Quizplus · Accepted Answer

The number of years you will live while retired is an important factor to consider when determining how much money you will need for retirement. This will help you estimate how much money you will need to cover living expenses, healthcare costs, and any other expenses you may have during your retirement years. Factors such as inflation, healthcare costs, and unexpected expenses should also be taken into account when determining your retirement needs. Considering who will be supporting you and any potential inheritances are less reliable factors to take into account as they are not guaranteed and are subject to change. The expected increased retirement support from government may also not be reliable and could vary depending on the political climate and budget decisions.

In Determining the Amount of Money You Will Need for Retirement