The top-down approach to estimating an individual's Wage Replacement Ratio (WRR) is better served for individuals closer to retirement because expenses are not as likely to change as much, and this approach reviews each current expense to evaluate which preretirement expenses are needed during retirement. The top-down approach to estimating an individual's Wage Replacement Ratio (WRR) is better served for individuals closer to retirement because expenses are not as likely to change as much, and this approach reviews each current expense to evaluate which preretirement expenses are needed during retirement. True False

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False The statement is incorrect The topdown approach to estimatin... View the full answer