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WorksheetsRetirement Planning Quiz
Total questions: 15
Worksheet time: 8mins
What is the first step in developing a retirement plan?
Invest in high-risk stocks
Identify retirement goals and financial needs
Withdraw from your retirement fund early
Ignore inflation in calculations
Which government agency in the Philippines provides pension benefits to employees in the private sector?
Pag-IBIG Fund
SSS
GSIS
PhilHealth
The best way to ensure financial security in retirement is to:
Rely solely on government pension programs
Save and invest in diversified assets early
Depend on family members for support
Keep all savings in a regular savings account
How does inflation impact retirement planning?
It decreases the purchasing power of retirement savings
It has no effect on retirement funds
It increases the value of pension benefits
It only affects those without government pensions
Which of the following is a legitimate retirement investment option in the Philippines?
Variable Universal Life (VUL) Insurance
Pre-need plans from unregistered companies
Double-your-money schemes
Unregistered cryptocurrency investments
The key reason why retirement planning is essential is:
To avoid financial dependence on family
To increase tax obligations
To spend more on luxury goods
To avoid investing in assets
If you start saving for retirement at age 25 instead of 45, you will:
Accumulate significantly more due to compound interest
Need to invest in high-risk assets only
Have the same amount as someone who starts at 45
Be unable to use government retirement plans
A scammer claiming to be from a government agency asks for your SSS number and bank details over the phone. What should you do?
Provide the details for verification
Hang up and verify directly with the agency
Ask them to call back later
Comply, as government agencies always ask for this
What is the safest retirement savings option for risk-averse individuals?
High-yield savings accounts and government bonds
High-risk stock trading
Unregulated forex trading
Pyramid investment schemes
The “4% rule” in retirement planning suggests that:
Retirees can safely withdraw 4% of their savings per year
Retirees should only invest 4% of their income
Retirement age should be 4 years after planning begins
Inflation will always be at 4%
Which of the following is NOT a red flag of a financial scam?
Guaranteed high returns with no risk
Pressure to invest immediately
Registered and regulated by the SEC
Referral-based payouts
What is the key advantage of investing in a Personal Equity and Retirement Account (PERA) in the Philippines?
Tax incentives on contributions
Guaranteed high returns
No risks involved
Full government funding
A retiree wants guaranteed income during retirement. What is the best option?
Fixed annuities
High-risk stocks
Non-regulated lending schemes
Crypto trading
Which retirement plan component helps protect retirees from outliving their savings?
Passive income sources
High-interest loans
Ponzi schemes
Early withdrawals
A financial planner recommends asset allocation for retirement. This means:
Distributing investments across different asset types
Keeping all money in a savings account
Investing only in one high-yield fund
Using retirement funds for personal loans
