Beverly Foster is planning for her retirement. She has determined that her car is worth $10,000, her home is worth $150,000, her

Question

3 years ago

6

Beverly Foster is planning for her retirement. She has determined that her car is worth $10,000, her home is worth $150,000, her

personal belongings are worth $100,000 and her stocks and bonds are worth $300,000. She owes $50,000 on her home and $5000 on her car. What step in the retirement planning process is Beverly completing?
A. Analyzing her current assets and liabilitiesB. Estimating her spending needsC. Evaluating her planned retirement incomeD. Developing a balanced budget based on her retirement income

Business

1 answer:

Anna71 [15] · Answer 1 · 2022-01-09T13:50:53+03:00

Answer: The correct answer is "A. Analyzing her current assets and liabilities".

Explanation: Beverly is completing the step of analyzing her current assets and liabilities in the retirement planning process by determining the value of her assets (home, car, belongings, stocks and bonds) and her liabilities, that is, her debts (50,000 in her house and 5000 in her car).