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Financial Planning Courses: Retirement

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1.
Which type of retirement account would you set up and manage on your own?
Choose wisely. There is only one correct answer.
Individual retirement account. IRAs are accounts for individuals and are typically not related to one's job.
2.
If you are over 65 and you qualify for Social Security, you also qualify for _______.
Choose wisely. There is only one correct answer.
Medicare. Medicare is a health insurance program for those over 65.
3.
Why should you start thinking about your retirement years while you are still young?
Choose wisely. There is only one correct answer.
All of the above. All of these are reasons why you should get an early start on planning for your retirement.
4.
Investment risk is _______.
Choose wisely. There is only one correct answer.
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.
If you determine that your retirement resources will not meet your anticipated needs, what is the "least" effective remedy for the problem?
Choose wisely. There is only one correct answer.
Plan to retire earlier. The earlier you retire, the greater the strain on your resources. Either plan to retire later or start building your income resources.