Whether retirement has negative effects on one's health has much to do with
a. how financially secure one is after retirement.
b. how many leisure activities one participates in.
c. whether one was forced to retire or did so voluntarily.
d. age at retirement. More negative health effects are seen in those who retire at younger ages.
Question 2
How much savings does one need to have in order to be comfortable in retirement? A good rule of thumb is
a. 25 of your current income.
b. 45-50 of your current income.
c. 65-70 of your current income.
d. Because one cannot predict how long one will live or what health problems one might encounter in the future, there is no way to predict how much money one will need in retirement.