CRPC - Module 7 exam 2023/2024 with 100% correct answers

Describe the trend in early retirement for US workers approaching retirement age - correct answer Early retirement (full retirement) is on a decline Bridge Jobs = positions held between career and full retirement Retirees continue working part time - HCEs work longer Identify factors that would strengthen the argument for delayed retirement - correct answer 1. Defined contribution plans continue to displace defined benefit plans 2. Social Security benefits are subject to deductions if worker has not reached FRA and has excess earnings 3. "Delayed Retirement Credit": Social Security benefit increase for those who work past FRA 4. Social Security FRA is increased based on DOB Explain how the job market has grown friendlier toward older workers - correct answer Age discrimination laws Companies prefer part-time workers Skills and work ethic of older employees are appreciated More technology and less physical labor What are 4 key questions clients ask in making the decision to retire? - correct answer 1. Can I afford it? 2. Is this the right time? 3. How will my spouse/family be affected? 4. Do I want to retire? What resources should be considered when a client asks, "Can I afford to retire"? - correct answer A. Social Security Old-Age benefits B. Com