A 30-year-old professional is developing a long-term financial plan. They anticipate receiving a large inheritance from a healthy, older relative in the distant future. Based on this expectation, they decide to contribute only the minimum amount to their personal retirement savings accounts, planning for the inheritance to cover the majority of their retirement needs. Which statement best evaluates the financial soundness of this strategy?

Evaluating a Retirement Strategy

Match each source of retirement funding with the description that best characterizes its role and reliability in a financial plan.

A sound retirement plan should treat a large, anticipated inheritance from a healthy relative as a guaranteed future asset, allowing for a significant reduction in current personal savings contributions.

Risk Assessment of Inheritance in Financial Planning