The best time to begin planning for retirement is at age 27.
1307 FInal Exam Review
Quiz
•
Business
•
University
•
Easy
Jennifer Keys
Used 1+ times
FREE Resource
26 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The best time to begin planning for retirement is at age 27.
False
True
Answer explanation
Never too early.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Annabelle works at Acme Cleaning Company. When she retires, her employer's health insurance plan and Medicare should cover all of her medical expenses.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bruce and Christopher are both retiring from Best Conditioning Company. They both should have the same amount of money in their retirement funds regardless of the lifestyle they expect during retirement.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A good goal is to plan for one’s net worth to increase each year as one moves closer to retirement.
False
True
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Housing and life insurance are so important to your retirement income that other investments can be ignored as you review your assets.
False
True
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When Don retires, his transportation expenses will likely increase.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Because of the potential effect of inflation, individuals should underestimate the amount of money.
False
True
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