Anita is looking forward to her retirement which is only five years away. Her retirement account did
Question:
Anita is looking forward to her retirement which is only five years away. Her retirement account did not accumulate as much as she had hoped. She decided to make some changes in her financial planning. Based on this information, which of the following statements is correct?
At this stage, Anita should focus on preserving what she has accumulated and minimize all debt obligations.
At this stage, Anita should rebalance her funds in a way that maximizes her investment in growth stocks to accelerate her fund balance.
At this stage, Anita should borrow as much as possible and plan on making the payments with her social security earnings.
At this stage, Anita should plan on extending her career, going on a diet, moving in with her children, and eliminating all recreational activities.
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown