Chartered Retirement Planning Counselor (CRPC) Practice Exam 2026 - Free CRPC Practice Questions and Study Guide

Eliminating health insurance coverage would indeed be an inappropriate action for individuals with insufficient retirement income. Health insurance is essential for protecting individuals from high medical costs, which can be particularly burdensome during retirement when income may already be limited. Removing this coverage could expose individuals to significant financial risk in the event of illness or injury, potentially leading to overwhelming medical debts that could further compromise their financial security.

On the other hand, reducing discretionary spending, taking a part-time job, and increasing retirement contributions can be considered more appropriate strategies for managing inadequate retirement income. They provide avenues to bolster financial stability and ensure that necessary expenses are covered without sacrificing critical health coverage. Overall, maintaining health insurance is crucial for safeguarding health and financial well-being during retirement, thus making it an especially inappropriate action to eliminate this vital support.