Course Catalog > Financial Planning > Courses
Financial Planning Courses: 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.
Budgeting your money can be easier if you learn to see it as a kind of _______.
Choose wisely. There is only one correct answer.
Reward. Just changing the way you think about it can make it easier to do.
2.
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.
3.
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.
4.
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.
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.