Which of the following statements about the investment life cycle is FALSE?
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A. B. C. D.C
The gifting state is associated with estate planning and tax minimization. The spending phase is associated with protection for assets. Although these two states usually run concurrently, the life cycle distinguishes them in that the gifting phase is concerned with giving away assets while in the spending phase, there is still some accumulation from low-risk investments.
The other choices are true.