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1.
Withdrawing a certain percentage of money from your portfolio during retirement _______.
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Is subject to various risks. The volatility of the markets, inflation, and how your portfolio is structured can all add risks that could endanger your ability to make fixed withdrawals.
2.
Why should you start thinking about your retirement years while you are still young?
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All of the above. All of these are reasons why you should get an early start on planning for your retirement.
3.
Many people work during retirement _______.
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All the above. These are all reasons why many people continue working during their retirement years.
4.
At what age are your Social Security benefits free from federal income tax?
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Never. Your benefits are subject to tax based on your income, not age. If your income is above a certain limit, your Social Security benefits may be taxed.
5.
If you're planning on starting new hobbies after you retire, you may find you're greatly disappointed.
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True. Hobbies are much more fulfilling to people over 65 if the activities are a continuation of their interests in earlier years; so cultivate those interests now.
6.
Which of the following is not among the jobs recommended by AARP as being suitable for those in retirement who wish to continue working?
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Law enforcement paraprofessional. The other choices are among AARP's recommendations.