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.
Social Security is a program that pays benefits for _______.
Choose wisely. There is only one correct answer.
Retirement. Social Security is a retirement program.
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.
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.
4.
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.
5.
When you start saving for retirement early, you can ride out the various risks in the market better than you could if you started late.
Choose wisely. There is only one correct answer.
True. A long time horizon ultimately smooths out the effects of risk.