Question

What does the "conservation" phase in retirement planning involve?

a.

Saving money for retirement

b.

Ensuring that investments grow rapidly

c.

Maximizing the principal during one's working years

d.

Allocating funds for post-retirement expenses

Answer: (c).Maximizing the principal during one's working years Explanation:The "conservation" phase in retirement planning involves efforts to ensure that one's investments grow rapidly and that the principal is maximized during one's working years.

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Q. What does the "conservation" phase in retirement planning involve?

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