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Financial Planning Courses: Retirement

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1.
When determining your resources for retirement, what should you start with?
Choose wisely. There is only one correct answer.
Determine how much income you will get from your current sources of income. The other courses of action should start after this.
2.
Budgeting your money can be easier if you learn to see it as a kind of _______.
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Reward. Just changing the way you think about it can make it easier to do.
3.
Social Security benefits are based on a number of things. Which of the following is NOT one of them?
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Your financial need. Financial need does not determine the benefits you get from Social Security. Your earnings and amount of time worked determine your benefits.
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.
When prices of goods and services rise over time and eat into your money's purchasing power, that is called _______ risk.
Choose wisely. There is only one correct answer.
Inflation. Inflation risk is the risk that rising prices will make it harder to buy the things you need.