What is one reason many people are not financially very well prepared for retirement?

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One reason they are not well prepared is they spend a lot during their working days, not seeing that in the future they would eventually retire. They did not invest for the future or became lax in the present state of their life. They could invest while they are capable of it.

mitchiex|Points 180|

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Asked 11/3/2010 6:09:15 PM

Updated 8/6/2014 11:57:34 AM

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This answer has been confirmed as correct and helpful.

Edited by Frankie17851 [8/6/2014 11:57:27 AM], Confirmed by Frankie17851 [8/6/2014 11:57:34 AM]

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Questions asked by the same visitor

What type of retirement benefit plan is based on a formula that considers your years of service and highest salary?

Weegy: A. defined contribution plan (More)

Question

Updated 8/6/2014 12:17:59 PM

2 Answers/Comments

Frankie17851

The Federal Employees Retirement System basic annuity retirement benefit plan is based on a formula that considers your years of service and highest salary.

Added 8/6/2014 11:51:30 AM

This answer has been confirmed as correct and helpful.

jeifunk

Hi Frankie, we need to cite sources now to verify the accuracy of our answers.

Added 8/6/2014 12:17:59 PM

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