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Financial Planning Courses: Retirement

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1.
Social Security benefits are based on a number of things. Which of the following is NOT one of them?
Choose wisely. There is only one correct answer.
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.
2.
Which retirement plan is paid for by taxes on your earnings as opposed to you making contributions to it?
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Social Security. Social Security is a national program that is paid for through special taxes on workers' earnings.
3.
When determining your resources for retirement, what should you start with?
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Determine how much income you will get from your current sources of income. The other courses of action should start after this.
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 _______.
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Reward. Just changing the way you think about it can make it easier to do.