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Financial Planning Courses: Retirement

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1.
Long time horizons generally enable us to assume _______ short-term ones.
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More risk than. Time reduces risk.
2.
A financial planning professional can help you manage your money in retirement.
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True. Find one who shares your concern with longevity risk.
3.
Retirees will always need less money to live on than working people.
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False. Health problems and lifestyle changes may increase a person's income needs in retirement.
4.
If you work for a for-profit company, which retirement plan might it offer?
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401k. If a for-profit company offered a retirement plan, it would offer 401k plans, but not the others mentioned.
5.
Social Security benefits are based on _______.
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Average lifetime earnings. Social Security benefits are based on average lifetime earnings and the amount of time you've worked.