Planning Beginner: Working and Living in Retirement

Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%
Keep studying!
Review your answers below to learn more.
1.
If you're planning on starting new hobbies after you retire, you may find you're greatly disappointed.
Choose wisely. There is only one correct answer.
True. Hobbies are much more fulfilling to people over 65 if the activities are a continuation of their interests in earlier years; so cultivate those interests now.
2.
Which of the following is not among the jobs recommended by AARP as being suitable for those in retirement who wish to continue working?
Choose wisely. There is only one correct answer.
Law enforcement paraprofessional. The other choices are among AARP's recommendations.
3.
Most people who work in retirement do so for the money.
Choose wisely. There is only one correct answer.
True. While there are other reasons to retire, most do so for the income.
4.
Withdrawing a certain percentage of money from your portfolio during retirement _______.
Choose wisely. There is only one correct answer.
Is subject to various risks. The volatility of the markets, inflation, and how your portfolio is structured can all add risks that could endanger your ability to make fixed withdrawals.
5.
Social Security benefits can be taken as early as age 62 only if one stops working entirely.
Choose wisely. There is only one correct answer.
False. It is not necessary to stop working in order to take early benefits.
6.
Long time horizons generally enable us to assume _______ short-term ones.
Choose wisely. There is only one correct answer.
More risk than. Time reduces risk.