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Systematic risk _______.

Is also known as market risk

Affects all (or almost all) companies, even financially sound companies

Can be based on bad economic news or geo-political events

All the above

All the above. All the above are true of systematic risk.

To gain a stream of income from your home, you can draw upon the home's _______.

401(k)

Mortgage

Equity

Equity. The equity value of the home can be used as the basis for income by using a reverse mortgage.

With a health savings account (HSA), _______.

The interest earned on the account is taxable.

All distributions are tax free once you turn 65 if you pay qualified medical expenses, but are taxable if used for other purposes.

You can claim a tax deduction for contributions you make

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.

Which of the following is least likely to happen if you buy long-term care insurance during retirement?

You may not be able to afford it.

You may be turned down.

You will be charged lower premiums.

The premiums will be higher at this age than if you had bought earlier in life.

You will be charged lower premiums. All the other choices are more likely to happen.

All goods and services are affected by inflation at the same rate.

True

False

False. Prices on the goods and services used by older people tend to rise faster than prices in general.