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1.
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.
2.
Social Security payments are fixed.
False. They undergo a cost-of-living adjustment every year for inflation.
3.
To gain a stream of income from your home, you can draw upon the home's _______.
Equity. The equity value of the home can be used as the basis for income by using a reverse mortgage.
4.
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.
5.
With a health savings account (HSA), _______.
You can claim a tax deduction for contributions you make. The interest earned on the account is not taxable, and distributions are tax free as well, but only if used to pay qualified medical expenses.