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PART 7KEY TERMS
Define the following:
holistic retirement planning (2.12.2)
spendthrift lifestyle (2.4)
replacement ratio method (of determining needed income) (2.9)
expense method (of determining needed income) (2.102.11)
retirement income deficit (2.12)
defined-benefit plan (2.18)
defined-contribution plan (2.18)
unit-benefit formula (in a pension plan) (2.20)
money-purchase pension plan (2.212.22)
401(k) plan (2.222.23)
403(b) plan (2.232.24)
spousal IRA (2.27)
reverse annuity mortgage (2.332.34)
pension maximization (2.342.35)
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