
Personal Finance-Chapter 15-Retirement
Authored by Ginny Kownurko
Other
10th - 12th Grade
Used 125+ times

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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At retirement, many people find that their need for life insurance has diminished.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Earnings on tax-deferred accounts are taxed when withdrawn.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Heirs are people entitled to inherit property or assets.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Employee contributions to SEP plans are tax-deductible.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A reverse mortgage does not have to be repaid.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A 401(K) plan is available to government and not-for-profit employees.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Types of investment choices are different, depending on your age.
True
False
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