How much savings does one need to have in order to be comfortable in retirement? A good rule of thumb is

a. 25% of your current income.
b. 45-50% of your current income.
c. 65-70% of your current income.
d. Because one cannot predict how long one will live or what health problems one might encounter in the future, there is no way to predict how much money one will need in retirement.


ANSWER: c

Sociology

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a. true b. false

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Many nursing home residents have major physical and/or cognitive problems that prevent them from living in any other setting, or they do not have available caregivers in their family. Women are more likely to enter nursing homes because of their greater life expectancy, higher rates of chronic illness, and higher rates of widowhood

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Sociology

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Sociology