The main objective of economic security and retirement planning is to accumulate sufficient financial resources to maintain a desired standard of living after retirement.

Certificates of Deposit (CDs) are not specifically designed for retirement savings and offer limited flexibility and growth potential compared to retirement accounts.

Employer matching contributions are a significant benefit of 401(k) plans, as they allow employees to increase their retirement savings without directly contributing more money.

Current market trends are not a reliable indicator of future performance and should not be the primary factor in determining a retirement investment portfolio.

Asset allocation involves distributing investments across different asset classes (e.g., stocks, bonds, real estate) to reduce overall portfolio risk and enhance returns.

Lottery winnings are not a reliable or sustainable source of retirement income and should not be included in retirement planning.

Annuities provide a steady stream of income for life, regardless of market conditions, which can help ensure financial security during retirement.

Political risk is not typically a significant factor in retirement planning, as it is difficult to predict and quantify.

Roth IRAs allow individuals to contribute after-tax dollars and receive tax-free withdrawals in retirement, providing a tax-advantaged way to save for retirement.

Increasing spending in retirement without careful planning can lead to financial insecurity and depleting retirement savings prematurely.

Working part-time or consulting during retirement can provide additional income to supplement retirement savings and enhance financial security.

An investment portfolio is not an estate planning tool, as it does not involve the transfer of assets upon death.

A living will allows individuals to express their wishes regarding end-of-life medical care, ensuring that their preferences are respected.

Continuing to work full-time is not typically considered a retirement lifestyle adjustment, as it involves maintaining the same level of work commitment.

The primary goal of retirement planning is to accumulate sufficient financial resources to maintain a desired standard of living and financial security during retirement.