Investing for Retirement

1.

Most Americans will have enough money from Social Security to retire comfortably.

• True

• False

2. In order to be eligible for Social Security, you must have worked for 35 years.

• True

• False

3.A majority of companies do NOT offer pension plans today, so YOU will be responsible for your quality of life in retirement by making sound investment decisions.

• True

• False

4. Social Security and Pensions are basically the same.

• True

• False

5. Social Security is a government-guaranteed basic income for older Americans, funded through a special tax paid by workers.

• True

• False

6. Pensions are gauranteed by employers to retiring workers.

• True

• False