After retirement starts,which aspect of financial planning becomes imperative?
A)Maintaining a regular pattern of saving
B)Long-term borrowing commitments
C)Estate planning
D)Effects of inflation

Question

Quizplus · Accepted Answer

After retirement, estate planning becomes imperative because it involves the management of assets and investments to provide for the family in the event of the retiree's death. Proper estate planning ensures that assets are distributed according to the retiree's wishes, reduces the tax burden on heirs, and maximizes the amount of wealth that can be passed on to future generations. It also involves setting up trusts, wills, and other legal documents to ensure that the retiree's wishes are enforced.

After Retirement Starts,which Aspect of Financial Planning Becomes Imperative