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A couple is reviewing their assets, which will be valuable to them for income as retirement approaches? Their assets are: Checking account: $5,500.00 Savings account:

A couple is reviewing their assets, which will be valuable to them for income as retirement approaches?

Their assets are:

Checking account: $5,500.00

Savings account: $53,000.00

Emergency fund savings account: $45,000.00

House: $475,000.00

IRA balance: $92,000.00

Life insurance cash value: $125,000.00

Investments (stocks, bonds): $750,000.00

Cars: $12,500.00 and $16,000.00

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