NO.PZ202410180200002306
问题如下：
Determine Cree’s degree of risk tolerance (lower versus higher) with respect to his retirement goal. Justify your response.
选项：
解释：
Retirement goal: Higher risk tolerance. Retirement is a long-term goal with a very long time horizon given that his planned retirement date is in 17 years, so this time frame reflects the beginning of his financial needs for this goal. Cree is willing to incur a moderate drop in his planned expenses, so he likely has a higher risk tolerance for that goal. Cree is concerned about paying future medical expenses in retirement, and since his retirement is still 17 years in the future, he likely has a higher risk tolerance with the medical expenses goal, especially given that he views the planned investment property purchase as providing a stable income stream.
Cree’s degree of risk tolerance is high with respect to his retirement goal.He can adjusted basis to fund a desired retirement lifestyle.What's more,he is 45 years old and plans to retire in 17 years, which means his investment horizon is long.
