ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -So to answer the question, we believe having one to one-and-a-half times your income saved for retirement by age 35 is a reasonable target. By age 50, you would be considered on track if you have three to six times your preretirement gross income saved.
Detailed explanation-2: -A few long-term goals for students include building an emergency fund, paying off student loans, saving toward a car down payment, saving toward a mortgage down payment, and investing for retirement. Each of these goals can help a student build healthy money habits and have something to work toward.
Detailed explanation-3: -Make a budget. You can set the greatest goals possible, but it’s pointless if it’s not grounded in reality. Pay off credit card debt. Start an emergency fund. Save for retirement. Save for college. Save for a down payment on a home. Improve your credit score. Pay off student loans. More items •10-Feb-2023