In deciding how much to contribute to your retirement savings,which of the following should you ignore?
A)Anticipated inheritances
B)Other financial goals
C)Liquidity needs
D)Current expenses

Question

Quizplus · Accepted Answer

Anticipated inheritances are uncertain and may not come to fruition. It is important to focus on your current financial situation and not count on future windfalls. B, C, and D are all important factors to consider when deciding how much to contribute to retirement savings. Other financial goals, such as saving for a down payment on a house or paying off debt, should be balanced with retirement savings contributions. Liquidity needs, such as an emergency fund, should also be considered to ensure you can meet unexpected expenses without derailing your retirement savings plan. And current expenses are important to consider because they determine how much disposable income you have to allocate towards retirement savings.

In Deciding How Much to Contribute to Your Retirement Savings,which