Choose wisely. There is only one correct answer to each question.
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1.
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.
2.
Long time horizons generally enable us to assume _______ short-term ones.
More risk than. Time reduces risk.
3.
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.
4.
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.
5.
Starting a business after one retires can be an ideal choice for many retirees. Why?
All of the above. Experience, knowledge, and connections can all add up for older people wanting to strike out on their own.
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.