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Q 1/30
Score 0
A traditional marital share Will leaves everything to the spouse
45
False
True
Q 2/30
Score 0
All of the following assets usually have an important effect on people's retirement EXCEPT their
45
Social Security Benefits
house
stocks and bonds
vehicle
30 questions
Q.
A traditional marital share Will leaves everything to the spouse
1
45 sec
Q.
All of the following assets usually have an important effect on people's retirement EXCEPT their
2
45 sec
Q.
The Social Security program
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45 sec
Q.
Retirees oftern spend less on
4
45 sec
Q.
You can avoid probate by setting up a living trust
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Q.
Probate is a legal process of proving a will is valid
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45 sec
Q.
If you die on vacation , you die intestate
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45 sec
Q.
Tax collected by the state on the property left by a person in his or her will is often called
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Q.
In a living will, a person expresses whether he or she wants to
9
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Q.
Vesting is an employee's right to keep the company's contributions from the company-sponsored retirement plans even if the emplyee no longer works there.
10
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Q.
The salary reduction plan for an employee at a tax-exempt institiution is called a
11
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Q.
A person can transfer all or a portion of the taxable distribution from his or her retirement plan to a(n)
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45 sec
Q.
An arragement in which a designated person manages assets for the benefit of someone else is called a
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Q.
Someone designated to perform the tasks involved in carrying out a will
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Q.
The legal document that specifies how a person wants his or her property distributed after he or she dies
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Q.
The people who have a legal right to a person's assests when he or she dies
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Q.
Saving a smal amount of money each month will not help you in retirement planning
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45 sec
Q.
No matter how much money you earn during your lifetime, your Social Security benefits will be the same
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Q.
A person who accepts the responsibility of caring for the children of parents who die and of manging the person's estate until the children reach a certain age is a
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Q.
A document that explains, adds, or deletes provisions in a person's existing will
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Q.
You should start saving for retirement
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Q.
A contract purchased from an insurance company that provides for a sum of money to be paid at regular intervals for a certain number of years, or for life.
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Q.
An assited living facility provides personal and medical services for the elderly
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Q.
Removal of assets from a retirement account with no taxes assessed
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Q.
A form of retirement savings plan in which both the employee and the employer may contribute. At retirement and eligibility, you collect the total amount of funds in your account.
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Q.
A retirement plan specifically designed for self employed people and their employees.
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Q.
Where are the funds in a 401k invested
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Q.
Retirement is an axample of what type of financial goal
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Q.
The process of creating a detailed plan for managing personal assets to make the most of them while you are alive and to ensure that they are distributed wisely after your death.
