Choose wisely. There is only one correct answer to each question.
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1.
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.
2.
If you retiree at full retirement age and continue to work, how much is cut from your retirement benefit?
Nothing is cut from your retirement benefit, starting with the month you reach full retirement age. If you retire early, one dollar is cut from every two over the limit if you retire early.
3.
Renter's insurance is more expensive than homeowner's.
False. The difference in this insurance is just one of the ways you can save money by renting rather than owning.
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.
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.