Savings, Investing, Insurance & Retirement Quiz

Retirement and Insurance play a huge role in financial planning as wealth-building and preservation tools.

• True
• False

Keep in mind that it’s essential to understand the power of compounding and the importance of starting early in implementing a saving and investing plan.

• True
• False

The age of 62 is when a person is able to get full social security benefits.

• True
• False

A Financial Planner recommends saving at least 30% of your monthly net income.

• True
• False

It is the principle that the greater the risk a lender takes in making a loan, the higher the potential reward.

• Risk-Return Trade-Off
• Deductible
• Social Security
• Investing

The specified amount of money that the insured must pay for covered medical expenses before the insurance policy begins to settle; usually an annual amount per individual or family.

• Insurance
• Deductible
• Investing
• Taxes

A federal program of disability and retirement benefits that covers most working people.

• Medicare
• Medicaid
• Social Security
• Insurance

It is the distribution of profits by a corporation to its shareholders.

• Investing
• Capital Gains
• Insurance
• Dividends

The process of setting money aside to increase wealth over time for long-term financial goals.

• Investing
• Capital Gains
• Insurance
• Social Security

It is money's potential to grow in value over time. The relationship between time, money, a rate of return, and earnings growth.

• Dividends
• Time-Value of Money
• Retirement
• Broker
• Savings