2
practice testMultiple Choice

Practice Test

Question 2 • Personal Finance

Part A: What are common retirement income sources?

Answer
A
gifts
B
wages only
C
Social Security, employer plans, savings
D
loans only

Explanation

Retirement income commonly comes from Social Security benefits, employer-sponsored retirement plans, and personal savings. Loans and gifts are not typical planned sources of ongoing retirement income, and wages alone would not include the other common sources. Therefore, the correct choice is Social Security, employer plans, savings.

AI-written and checked against the verified answer.

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