Choose wisely. There is only one correct answer to each question.
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1.
Long time horizons generally enable us to assume _______ short-term ones.
More risk than. Time reduces risk.
2.
Withdrawing a certain percentage of money from your portfolio during retirement _______.
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.
3.
Which of the following is true of the majority of people who work in retirement?
The majority work primarily for financial reasons. The other two choices are significant factors, but earning extra money is the primary reason people work during retirement.
4.
Social Security benefits can be taken as early as age 62 only if one stops working entirely.
False. It is not necessary to stop working in order to take early benefits.
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.