Choose wisely. There is only one correct answer to each question.
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1.
Most people who work in retirement do so for the money.
True. While there are other reasons to retire, most do so for the income.
2.
Which of the following statements are true?
Many people will be better off using retirement employment income and/or tax-deferred savings to live on, while delaying their Social Security benefits until age 70. The other statements are false.
3.
Budgeting your money can be easier if you learn to see it as a kind of _______.
Reward. Just changing the way you think about it can make it easier to do.
4.
You should wait until you retire to plan your budget because you can't know now what your expenses will be.
False. Waiting until you retire to plan your budget is a huge mistake, particularly since you will need money saved to afford retirement.
5.
If you're planning on starting new hobbies after you retire, you may find you're greatly disappointed.
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?
Law enforcement paraprofessional. The other choices are among AARP's recommendations.
