What adjustments are normally made to the pre-retirement budget to arrive at the retirement budget?

I. No longer pay FICA

II. No longer pay Federal Income tax

III. Decreased cost of health care

IV. No longer saving in 401(k)

2.

The historic inflation rate used in the lectures was:

Select one:

a.

2%

b.

3.5%

c.

5%

d.

7%

Select one:

a.

1 and 2 only

b.

2 and 3 only

c.

3 and 4 only

d.

1 and 4 only

e.

1 and 3 only