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1.
Long-term care insurance policies are generally the same, making comparison only about premiums.
False. Long-term care policies are very different, so examine them closely when comparing.
2.
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.
3.
Which of the following statements is false?
Working women in their 40s and 50s expect to save about the same as what men their age expect to save. Actually, women expect to save about half of what men their age expect to save.
4.
Which of the following is false?
A woman may have lower retirement benefits because she retired before she was vested. She would have no retirement benefits unless she waits until she is vested to retire.
5.
Which of the following is true regarding Social Security benefit payments?
Social Security earnings are based on the average of 35 years of earnings. The lowest five years in the last 40 are dropped.