Part 1: The first step in the retirement planning process is A) the determine how funds...

Part 1: The first step in the retirement planning process is

A) the determine how funds required to meet retirement needs will be accumulated.

B) to estimate future income needs.

C) to determine the benefits that will be available under social security.

D) convert the estimated flow of income needed into a principal amount.

Part 2: The Social Insurance Supplement Benefit

A) is designed for those occupations not covered by OASDI.

B) permits one to coordinate disability insurance with social security benefits.

C) is designed to cover the 5-month waiting period under Social Security.

D) is a mandatory provision under most state laws.

Solutions

Expert Solution

1 B

First step in retirement planning is to determine the requirement of funds. For this the length of life and the monthly/annual needs have to be determined. The other options will come after the needs have been established.

2: B

The Social Insurance supplement benefit Pays a benefit if the insured is injured on the job and if he qualifies for workers compensation benefits. Hence it coordinates disability insurance with social security benefits. Other options hence do not apply to SISB.

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

On the planning process, after defining the key risk, the next step is to determine the...

On the planning process, after defining the key risk, the next step is to determine the key control(s) relevant to this risk ( ) Agree ( ) Disagree, give reason:

Auditing Audit planning is the first step in the audit process. It includes understanding the client’s...

Auditing Audit planning is the first step in the audit process. It includes understanding the client’s business and industry and performing preliminary analytical procedures to assess client business risk and other kinds of risks that could affect the audit process. Describe the importance of audit planning and how it affects the remaining of the audit process. ( In a paragraph form if possible ,would be great to answer it ).

As you know, investment analysis/capital budgeting is a two step process. Assume the first part of...

As you know, investment analysis/capital budgeting is a two step process. Assume the first part of an investment analysis results in the second part being conducted. The second part returns an unfavorable answer. What are three things that you can do that would result in the investment being made?

1. There are two steps for evaluating argument, the first step is to determine the logical...

1. There are two steps for evaluating argument, the first step is to determine the logical strength of the argument and the second step is to determine the truth value of the premises. Please discuss whether this 2-step evaluation is good. 2. Informal fallacy can be divided into 4 classes: inconsistence, irrelevancy, insufficiency and inappropriate presupposition. It is called "4I" classification. Discuss whether it Is a good classification.

Part 1: Human Resource Planning Discuss the development of an effective human resource planning process. Be...

Part 1: Human Resource Planning Discuss the development of an effective human resource planning process. Be sure to identify the major players and their functions, components of the process, and suggestions to improve the process. Part 2: Compensation and Rewards Differentiate among direct financial compensation, indirect financial compensation, and non-financial rewards. Be sure to include specific examples of each.

describe how the travel demand forecasting is a part of the transportation planning process and its...

describe how the travel demand forecasting is a part of the transportation planning process and its elements?

how a writer can feel about the three writing step process which are planning, writing and...

how a writer can feel about the three writing step process which are planning, writing and completing.

The first step in writing a software application is to determine the requirements. There is no...

The first step in writing a software application is to determine the requirements. There is no value in writing a program that does not address the needs of the client. Requirements can be gathered in many ways, but ultimately, the requirements serve to document what the application should and should not do. After the requirements are written, the application design can be prepared, followed by the actual coding. For this project, you will gain some practice in the design phase...

Step 1: The first part of the instructions/rubric is to discuss a reason why contractionary policy...

Step 1: The first part of the instructions/rubric is to discuss a reason why contractionary policy should be used. What kind of things can happen in the economy to cause the Fed to need to use contractionary monetary policy? What kind of things would they look for to let them know that the economy is growing too fast and needs to slow down? Step 2: The next part of the instructions is to explain how each of the three tools...

1. (a) A temperature control process has a first-order response with a step response time of...

1. (a) A temperature control process has a first-order response with a step response time of 12 seconds. In selecting a temperature sensor for the control system for the process, for what maximum value of sensor time-constant would you be looking? (b) If your requirement is for a sensor suitable for a heavy industrial application, with a linear characteristic, working in temperatures up to 300°C, what type of sensor would you recommend? Draw the symbol for the sensor and show...

Subjects