when planning for retirement, it is important to be aware of future challenges. how does life expectancy…

when planning for retirement, it is important to be aware of future challenges. how does life expectancy affect the amount you need to save for retirement? choose 1 answer: a you wont need to save any more or less money because life expectancy only affects life insurance. b you may need to save more money to cover costs for a longer period of time. c you may need to save less money because you will receive social security for longer period of time.

when planning for retirement, it is important to be aware of future challenges. how does life expectancy affect the amount you need to save for retirement? choose 1 answer: a you wont need to save any more or less money because life expectancy only affects life insurance. b you may need to save more money to cover costs for a longer period of time. c you may need to save less money because you will receive social security for longer period of time.

Answer

Brief Explanation:

Life - expectancy affects retirement savings as a longer life means more years of expenses. So, more money may be needed to cover costs over a longer period.

Answer:

B. You may need to save more money to cover costs for a longer period of time.