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TB_16_70_Preparing for Retirement_LO 16.11_APA LO 1.1
Which statement is true regarding the retirement of the cohort known as Baby Boomers?
A) Baby Boomers view retirement planning as obsolete.
B) Baby Boomers expect that their standard of living during retirement will be greatly reduced in comparison to
their pre-retirement standard of living.
C) Baby Boomers are likely to be in retirement for 20 years—far longer than earlier generations.
D) Baby Boomers expect that retirement will mean a permanent end to their roles as workers or employees.
TB_16_71_Preparing for Retirement_LO 16.11_APA LO 1.1
Which of the following reflects the findings of Ken Dychtwald in a survey of more than 3,000 baby boomers?
A) Most plan to retire in their 40s or 50s.
B) Most are financially prepared for retirement.
C) Baby Boomers have more anxiety about retirement than previous generations.
D) Most plan to work into retirement, but to combine paid work with other pursuits.
TB_16_72_Preparing for Retirement_LO 16.11_APA LO 1.1
Which of the following approaches is unlikely to characterize the non-work pursuits of Baby Boomers in
retirement?
A) Spending most of their time sitting around with minimal activity
B) Finding new ways to make money in their spare time
C) Doing volunteer work and contributing to charities
D) Spend time traveling and taking classes
TB_16_73_Preparing for Retirement_LO 16.11_APA LO 1.1
When I retire I plan to continue teaching one class per semester and spend the rest of my time doing whatever I
please. Dychtwald would classify me as which type of retiree?
A) Anxious idealist
B) Stretched and stressed
C) Leisure lifer
D) Wealth builder