Choose wisely. There is only one correct answer to each question.
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1.
All goods and services are affected by inflation at the same rate.
False. Prices on the goods and services used by older people tend to rise faster than prices in general.
2.
If the current trend continues, more and more of us will be able to keep employer-sponsored healthcare insurance throughout our retirement years.
False. The trend is just the opposite.
3.
A financial planning professional can help you manage your money in retirement.
True. Find one who shares your concern with longevity risk.
4.
Why might Medicaid eligibility requirements become stricter in the future?
Too many people may need it. This could stretch government resources and make it harder to fund and qualify for Medicaid.
5.
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.