Answers Personal Finance - MathSci Elective half credit Cumulative Exam — Cumulative examQuestion 32

32

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Cumulative Exam — Cumulative exam

Question 32 • Personal Finance - Math/Sci Elective (half credit)

Shawna wants to ensure that she has a good income throughout her retirement. Which method could she employ?

Answer

A

She could work fewer hours each week so she will stay strong and retire later.

B

She could start a 401K account and choose a position with matching deposits by the employer.

C

She could save money by not attending post-secondary school or vocational training.

D

She could ensure that she doesn’t get sick by taking her vitamins each day.

Explanation

A 401(k) helps Shawna save for retirement, and employer matching adds money to her savings when she contributes. Over time, those savings can provide income during retirement. Working fewer hours, skipping training, or taking vitamins does not directly build a reliable source of retirement income.

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