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An "average" older household spends more money on

Select one:

a$.$ Clothing than on housing

b$.$ Contributions than on medical care

c$.$ Entertainment than on transportation

d$.$ Housing than on contributions, entertainment, and clothing combined

When planning for retirement, inflation

Select one:

a$.$ Decreases through retirement.

b$.$ Should be ignored since it will have no effect on retirement funding.

c$.$ Should be considered since income received earlier in retirement will buy more than the same amount received later in retirement

d$.$ Should be recognized since it will increase the value of income received in retirement

In $1974,$ ERISA was passed. What does ERISA stand for?

Select one:

a$.$ Employee Retirement Income Security Act

b$.$ Employer Retirement Income Security Act

c$.$ Employee Retirement Investment Security Act

d$.$ Employer Retiring Investment Stock Act

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Cookie is updating her estate planning and wants to write a legal document that will allow all of her assets to go to her spouse except for a certain amount that will be set up in a trust. The trust $($blus interest$)$ can nrovide her snouse lifelnno