1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
allochka39001 [22]
3 years ago
10

What are examples of Retirement Phase?

Business
2 answers:
Nady [450]3 years ago
6 0
Sitting on the couch all day and doing nothing 
AlladinOne [14]3 years ago
3 0

PHASE 1: Accumulation

This period begins when you enter the workforce and begin setting aside funds for later in your life, and ends when you actually retire. If your employer offers 401(k), 403(b), or 457(b) plans, have you signed up and are you contributing the maximum allowed? Did you know that the "new normal" requires retirement savings rates for most Americans to exceed 10 percent? If self-employed, are you shortchanging yourself on Social Security in order to reap tax deductions?


PHASE 2: Pre-Retirement

This phase occurs during the final years of the accumulation phase and should begin when you reach 50 years old or are 15 years away from retiring, whichever happens first. Now is the time to get your plan in place, making sure your finances are lined up correctly for retirement day so nothing will be left to chance. If you work for a company with a benefits specialist, arrange an appointment to become informed about the various ways you can convert your employer retirement savings into a stream of income or an IRA. Consider using a tool known as "scenario planning." Start learning about Social Security and your options for beginning to receive retirement benefits. Familiarize yourself with the basics of Medicare.


PHASE 3: Early-Retirement

This phase lasts from the day you retire until you are 70 years old. (For those who do not plan to retire until well into their 70s, some tasks in this phase may occur later.) A key purpose of this phase is to create a clear communication channel with your family so information can be shared, questions asked and answered, and decisions made in a calm, supportive way. It's also the time to assess how well your finances are working now that you are using your retirement savings. Fine-tune your income and expense projections, taking into consideration how you will meet minimum distribution requirements from your tax-deferred accounts.


PHASE 4: Mid-Retirement

This phase begins at age 70 and lasts as long as you are able-bodied and high-functioning. Despite your good health, begin looking at what steps you would like your family to take should your condition decline significantly. In most cases your ability to make all your own decisions, care for yourself, engage with the world on your terms, and manage your affairs does not vanish in a split second. It takes courage to dive into a conversation about giving up and transferring control.


PHASE 5: Late-Retirement

This phase begins when your health has taken a turn for the worse and there is little likelihood of it being fully restored. You require significant help to function day to day. The hope is that by this point all the planning done in prior years makes this transition as manageable and life-affirming as possible.

You might be interested in
Cory owns a custom purse-design business. He launched an advertising campaign featuring purses made of environmentally friendly
Dvinal [7]

Answer:

build brand loyalty

Explanation:

Based on the scenario being described within the question it can be said that the Cory's final goal in this scenario is to build brand loyalty. This term refers to when customers decide to purchase a brand's product over other competitor's products due to them having had great purchasing experiences with that company.

8 0
3 years ago
Newark Company has provided the following information:
Firdavs [7]
330 ,,,,,,,,,,,,,,,,,,,,,,,,,,
5 0
3 years ago
Saban Ironworks most recent reported free cash flow was $419.5 million. You project that the FCF will grow at a constant rate of
Olegator [25]

Answer:

On October 15, 2020, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On January 1, 2021, 28 million stock options were granted, exercisable for 28 million shares of Ensor's $1 par common stock. The options are exercisable between January 1, 2024, and December 31, 2026, at 90% of the quoted market price on January 1, 2021, which was $10. The fair value of the 28 million options, estimated by an appropriate option pricing model, is $6 per option. Ensor chooses the option to recognize fonexpectedly to $26 per share.

6 0
2 years ago
The following data were taken from the records of Menendez Company:
nydimaria [60]

Answer: a. $1,500

Explanation:

Working capital is calculated by deducting current liabilities from current assets. It is meant to show the operating liquidity of a company within a period.

Working capital = Current assets - Current liabilities

= 5,000 - 3,500

= $1,500

3 0
3 years ago
Why is going to a restaurant to eat dinner both a good.and a service
lions [1.4K]
You eat at the time you need to and they service you
3 0
3 years ago
Read 2 more answers
Other questions:
  • Uchimura Corporation has two divisions: the AFE Division and the GBI Division. The corporation's net operating income is $11,500
    15·1 answer
  • When the cost method is used to account for a stock investment the carrying value of the investment is affected by
    8·1 answer
  • No development typically occurs in late adulthood.<br><br> A) True<br><br> B) False
    14·2 answers
  • The major drawback of most fad diets is:
    14·1 answer
  • 6. When food is plated with prime rib in front, puréed turnips at the rear, and a salad topped with Italian cheeses beside them,
    7·1 answer
  • When and why did McDonald's expand its business to Australia​
    14·1 answer
  • Which of the following statements about money that is​ correct? A. Money is a completely stable store of value. B. Credit cards
    11·1 answer
  • Thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as
    10·1 answer
  • Wildhorse Company purchased 300 of the 1000 outstanding shares of Ayayai Company's common stock for $570000 on January 2, 2021.
    13·1 answer
  • Any business ideas u guys want to do in the future?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!