Retiro

If you earn $2,000 a month, how many minimum wages you will have vis-a-vis the IMSS?

• .65

• .85

• 1.15

• 1.30

The employer´s total payment for retirement is...

• 6%

• 5.15%

• 2%

• 1.5%

An employee´s total retirement savings per month equals to ___________ of his monthly salary...

• 2.15%

• 4%

• 5%

• 6.5%

In Mexico a person has to work until ___________ to retire.

• 72 years

• 65 years

• 59 years

• 54 years

At each stage a person has a different savings plan call...

• SIEFORE

• AFORE

• IMSS

• Social quota

If an employee saves to get $10,000 at age of retirement he must consider.....

• The interest earn every year

• The monthly amount saved

• The estimated inflation

• All of the above

A siefore is the type of investment that changes every ten years based on ______________.

• Amount saved

• Age of the worker

• Stock market risk

• All of the above

If you plan to have $10,000 today when you retire you MUST update the number based on ________

• Life preferences

• Inflation rate

• Incomes

• Number of children they have

$1 peso of 2020, will be worth _______________ when you retire in 2067. (Historical inflation in Mexico is 5% per year)

• $1

• $4.95

• $9.90

• $12.23

The type of company that holds retirements is a__________

• SIEFORE

• AFORE

• Investment bank

• IMSS