Question Group 3: Case Study 3 – Mid-Career Retirement Focus…
Question Group 3: Case Study 3 – Mid-Career Retirement Focus (30 pts) Case Prompt (Text – no question): Linda is 45 years old, earns $85,000 annually, and has contributed inconsistently to her 401(k). She currently has $95,000 saved for retirement. Linda has no dependents and is considering reducing retirement contributions to purchase a cash-value life insurance policy as a “backup retirement plan.” Question 8 (Multiple Choice – 5 pts) Question:What is Linda’s greatest financial risk if she delays retirement saving further?
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