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.
Inflation risk, which is the risk that rising prices will erode your money's purchasing power, is a challenge for retired people because _______.
Choose wisely. There is only one correct answer.
They usually live on a fixed income. Fixed incomes don't change, so when prices rise, that affects the purchasing power of retired people's money.
2.
Social Security is a program that pays benefits for _______.
Choose wisely. There is only one correct answer.
Retirement. Social Security is a retirement program.
3.
If you work for a for-profit company, which retirement plan might it offer?
Choose wisely. There is only one correct answer.
401k. If a for-profit company offered a retirement plan, it would offer 401k plans, but not the others mentioned.
4.
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.
5.
Long time horizons generally enable us to assume _______ short-term ones.
Choose wisely. There is only one correct answer.
More risk than. Time reduces risk.