All of the following are true with regards to retirement planning EXCEPT: O A client's lifetime is made up of pre-work life expectancy, work life expectancy, and retirement life expectancy. As a general rule, an individual beginning to save for retirement at age 30 should expect to save at least 10-13% of gross pay to meet his/her normal retirement goals. As retirement life expectancy (RLE) increases, so do the retirement needs. All of the above are correct