A. In order to maintain living standards in retirement, what percent of annual income do financial professionals think people should save?
- About 3%
- About 6%
- About 9%
- About 12%
- About 15%
B. If an investor could set aside $50 each month for retirement, how much might that end up becoming in 25 years, including interest if it grew at the historical stock market average?
- About $15,000
- About $30,000
- About $40,000
- About $50,000
- More than $60,000
C. Roughly how much do many financial professionals suggest people think about saving by the time they retire?
- About 2-3 times the amount of your last income
- About 4-5 times the amount of your last income
- About 6-7 times the amount of your last income
- About 8-9 times the amount of your last income
- About 10-12 times the amount of your last income
D. Which of the following do you think is the single biggest expense for most people in retirement?
- Health Care
- Discretionary expenses
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A. About 15%.
B. About $40,000.
C. About 10-12 times