When considering the factors surrounding retirement, ________ is most significant in terms of having a reasonable net worth.
A) A 401k account
B) education level
C) a pension
D) home equity

Question

Quizplus · Accepted Answer

While all the options listed can contribute to a person's net worth, home equity is typically the most significant asset for retirees. This is because it is often a person's largest asset, and can provide a source of income if the home is sold or if a reverse mortgage is obtained. A 401k account and a pension are also important, but can be subject to market fluctuations and may not provide as much income as a person needs in retirement. Education level is not directly tied to net worth, although it can impact a person's career and earning potential over time.

When Considering the Factors Surrounding Retirement, ________ Is Most Significant