Yearly spending plan for a 60-year-old woman with an annual income of $100,000 who would like to retire in 5 years: Housing and utilities - $50,000 Transportation - $16,000 Health care - $10,000 Food - $10,000 Entertainment - $10,000 Savings - $4,000 To what extent is this spending plan a financially sound use of this individual's resources? MCM.1.2 Responses To no extentShe will be unable to retire because her spending exceeds her income. To no extentShe will be unable to retire because her spending exceeds her income. To a limited extentShe is living within her income but is not allocating enough money for retirement. To a limited extentShe is living within her income but is not allocating enough money for retirement. To a moderate extentShe has achieved a good balance between entertainment spending and saving for retirement. To a moderate extentShe has achieved a good balance between entertainment spending and saving for retirement. To a great extentShe has shifted her priorities from spending to saving for retirement