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Financial Planning Courses: Retirement

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1.
A financial planning professional can help you manage your money in retirement.
Choose wisely. There is only one correct answer.
True. Find one who shares your concern with longevity risk.
2.
Why would a 60-year-old feel more urgency about planning for retirement than a 20-year-old would?
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A 60-year-old has less time to build up a nest egg. This is what creates the sense of urgency.
3.
Many retirement plans are tax-deferred. What does tax-deferred mean?
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The earnings that build up in them are not taxed until you start making withdrawals. This enables your retirement plan to grow more every year.
4.
If you are over 65 and you qualify for Social Security, you also qualify for _______.
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Medicare. Medicare is a health insurance program for those over 65.
5.
When calculating your future retirement income needs, you must consider inflation.
Choose wisely. There is only one correct answer.
True. After you have adjusted for inflation, you will have a true picture of the amount of income available for living purposes.