QuestionJuly 20, 2025

Eli is planning ahead for retirement. They should consider all of the following factors when determining how much they'll need in retirement EXCEPT: How much money they expect to receive through Social Security The current balance in their checking account What age they plan to retire The lifestyle they want to lead in retirement

Eli is planning ahead for retirement. They should consider all of the following factors when determining how much they'll need in retirement EXCEPT: How much money they expect to receive through Social Security The current balance in their checking account What age they plan to retire The lifestyle they want to lead in retirement
Eli is planning ahead for retirement. They should consider all of the following factors when
determining how much they'll need in retirement EXCEPT:
How much money they expect to receive through Social Security
The current balance in their checking account
What age they plan to retire
The lifestyle they want to lead in retirement

Solution
3.7(229 votes)

Answer

The current balance in their checking account Explanation 1. Identify irrelevant factor The current balance in their checking account is not a long-term factor for retirement planning. It reflects short-term liquidity rather than future financial needs.

Explanation

1. Identify irrelevant factor<br /> The current balance in their checking account is not a long-term factor for retirement planning. It reflects short-term liquidity rather than future financial needs.
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