Choose wisely. There is only one correct answer to each question.
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1.
A financial planning professional can help you manage your money in retirement.
True. Find one who shares your concern with longevity risk.
2.
Investment risk is _______.
The risk that your investments will not perform as well as expected. The other two choices are pitfalls to avoid, but they do not define investment risk.
3.
Which of the following is true about healthcare costs risk?
Since people are now healthier and spend longer in retirement than ever before, this risk has increased greatly in recent decades. The other choices are false.
4.
You can use your own home to help you manage long-term care risk by getting _______.
A reverse mortgage. A reverse mortgage allows you to take out a loan from the equity in your home.
5.
By buying _______, you can earn an income that will keep pace with inflation.
Treasury inflation-protected securities. Treasury inflation-protected securities provide a periodically adjustment for inflation.