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Financial Planning Courses: Retirement

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1.
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.
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True. This is because they will have to fund their retirement over more years than a person who retires at an older age.
2.
If you are over 65 and you qualify for Social Security, you also qualify for _______.
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Medicare. Medicare is a health insurance program for those over 65.
3.
It is possible to have your employer add its own money to a retirement account.
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True. If you have a 401k plan, your employer might make contributions to it on your behalf. This is one reason 401k plans are so popular.
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 _______.
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Long-term care insurance. Long-term care insurance is a special form of insurance that covers the costs of care over many years.
5.
Long time horizons generally enable us to assume _______ short-term ones.
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More risk than. Time reduces risk.