Question

In: Finance

1a. Numerous professional research organizations have revealed that retirement has brought about or accelerate, Diminishing physical...

1a. Numerous professional research organizations have revealed that retirement has brought about or accelerate,

  1. Diminishing physical abilities.
  2. Viewed health condition
  3. Diagnosed medical problems
  4. Clinical depression
  5. Positive outlook on future well being
  6. All of the above
  7. A, B, C, and D

1b. To improve one’s long-term retirement outlook one could:

  1. Take on a part-time job while looking for full-time employment.
  2. Continuously update your job skills
  3. Seek additional education and training.
  4. All the above.
  5. None of the above.

1c. The Retirement that Works

“Just as iron rusts from disuse, even so, does inaction spoil the intellect.” —Leonardo Da Vinci

“Retirement is wonderful If you have two essentials: Much to live for, and Much to live on.” —Anonymous

Research from Rand in 2009 pointed to the fact that people are choosing to work in retirement, and recent indicators point only to an increase in this trend.

What does this study demonstrate?

  1. 43% of retirees worked for pay at some point after retirement.
  2. 83% percent of Baby Boomers intend to keep working after retirement
  3. 14% percent of those currently working say they’ll never retire.
  4. A and B only
  5. All the above.

1d. Self-indulgence is a poor prescription for a satisfying life, according to Mr. Anthony. What are the reasons for this statement?

  1. Sense of identity loss.
  2. Social/Relationship challenges.
  3. Change/Reduction in mental stimulation.
  4. “B” only
  5. “A” and “C” only
  6. All the above.

1e. The Real Meaning of Work

“An artist was asked what his favorite work was. He thought for a minute or two and then replied, “The next one.

One of our greatest fears around aging is that our brains will do less at a more sluggish pace. We must treat the brain like the highly sophisticated muscle it is and not allow atrophy to set in because of a lifestyle that taxes it too little.
A. True

B. False

C. Wife’s tale.

Question 2

It is a healthy exercise to determine all the working benefits that you most appreciate.

A. No, this is nuts.

B. Maybe, but I’m not sure.

C. Absolutely!

Solutions

Expert Solution

Ans 1a: Option F- All of the above.

Reason: Diminishing physical abilitites during 55-60 is age of loosing stamina and its time to take rest for their health purpose because condition of health may not be up to the mark, some health problems, clinical depression may cause for less working, not tolerating, less patience etc. Most of companies look for their future if they get retired at 62 years they can aliv for long days without taking any pressures, tensions, workloads etc.

Why option G is not concidered beacuse positive out look of future well being is most important to think by employers.

Ans 1b: Option D- All the above

Reason: One should search part time job while looking for full time employment because during young age have capability to do multipal jobs. One should update their job skills continuously for high in their salary and for promotion purpose. Should seek aditional education and training for undate their skills for new treads.

Ans 1c: Option D A and B only

Reason: 43% of retirees worked for pay at some point after retirement because of family problems, here retirees will ge paid less than earlier. 83% of baby boomers intend to keep working after retirement they gt facilities from govrnment after their health condition.

Why option C is not considered because at athe age 60 emplyees get retired proffessionally but they never get retired from their personal life they can have part time job even after retirement.

Ans 1d: Option D- B only

Reason: Social/relationship challenges, instead of spending life time with doing work even after retirement will creates problem for not giving time for family so Anthony statement Much to live for relationship purpose, Much to live on without tension, workloads.

Sense of identity loss it does not matter for retirement, because of mentsl stimulation retirementrules existing these two options does not applicable to Mr. Anthony's statement.

Ans 1e: Option A One of our greatest fears around aging is that our brains will do less at a more sluggish pace. We must treat the brain like the highly sophisticated muscle it is and not allow atrophy to set in because of a lifestyle that taxes it too little. This statement is True because 25 years old persons brain can tolerate work pressure as well as balancing family issues but 45-60 years old person cannot tolarate.

Ans 2: Option C Absolutely

Reason: Absolutely right because it is good if you engage with healthy exercise to determine all the working benefits that you most appreciate in working life.


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