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Financial Planning Courses: Retirement

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1.
Which retirement plan is paid for by taxes on your earnings as opposed to you making contributions to it?
Choose wisely. There is only one correct answer.
Social Security. Social Security is a national program that is paid for through special taxes on workers' earnings.
2.
People who retire early have less time to get their finances together than those who retire at normal retirement age do, and will likely need more money to fund their retirement.
Choose wisely. There is only one correct answer.
True. This is because they will have to fund their retirement over more years than a person who retires at an older age.
3.
Social Security is a program that pays benefits for _______.
Choose wisely. There is only one correct answer.
Retirement. Social Security is a retirement program.
4.
All of us face the risk that we will not be able to live independently when we are older. There are many ways to handle the costs of this risk. A particular type of insurance that can help pay for these costs is called _______.
Choose wisely. There is only one correct answer.
Long-term care insurance. Long-term care insurance is a special form of insurance that covers the costs of care over many years.
5.
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.