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1.
Which of the following is true about 55-and-over communities?
Moving to a 55-and-over community usually means you are moving to a smaller home. This can make a big difference in the taxes you currently pay.
2.
At age 65 and older, a single woman is at more risk of living in poverty than a married woman is.
True. Married women are less likely to live in poverty.
3.
Why do retirees need life insurance?
Most retirees don't need life insurance, except perhaps to cover burial costs. If their children are adults, if no one would suffer financially by their death, and if there are assets available to bury them, retirees don't need life insurance.
4.
The "gender wage gap" is _______.
The difference between what a man and a woman are paid. On the whole, women earn less than men.
5.
COLA stands for "cost of living adjustment."
True. Cost of living adjustments are made annually to monthly Social Security benefits.