Question 1

The IRS has a one-rollover rule that says investors can make only one rollover from one IRA to another in any 12-month period.

Accepted Answer

A) True 
 B)False

Question 2

Living trusts can either be

Accepted Answer

A) current or testamentary. 
B) private or public. 
C) retrievable or irretrievable. 
D) revocable or irrevocable. 
A) current or testamentary. 
B) private or public. 
C) retrievable or irretrievable. 
D) revocable or irrevocable.

Question 3

Retirement is defined as the time period when you stop all work for pay.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is not an example of nonprobate property?

Accepted Answer

A) Property owned by joint-tenancy with rights of survivorship 
B) Property designated in a will 
C) A retirement account such as a 401(k) or IRA 
D) A bank account with a payable-on-death designation 
A) Property owned by joint-tenancy with rights of survivorship 
B) Property designated in a will 
C) A retirement account such as a 401(k) or IRA 
D) A bank account with a payable-on-death designation

Question 5

Dennis Ackley,an innovator in retirement education,suggests looking at your retirement as something you "buy" on the layaway plan.

Accepted Answer

A) True 
 B)False

Question 6

The right of escheat gives a deceased's property to the

Accepted Answer

A) surviving spouse. 
B) children. 
C) parents. 
D) state of residence. 
A) surviving spouse. 
B) children. 
C) parents. 
D) state of residence.

Question 7

It is correct to say that you invest in a 401(k) or IRA account.

Accepted Answer

A) True 
 B)False

Question 8

A(n) ____ plan is a benefit plan through which the employer makes tax-deductible contributions of company stock into a trust; these contributions are then allocated into accounts for individual employees.
Employee stock-ownership

Accepted Answer

A) employee stock-ownership 
B) profit-sharing 
C) thrift and savings 
D) deferred-compensation 
A) employee stock-ownership 
B) profit-sharing 
C) thrift and savings 
D) deferred-compensation

Question 9

Which of the following is designed for employees of tax-exempt employers and does not allow employer contributions?

Accepted Answer

A) 401(k) plan. 
B) 403(b) plan. 
C) 457 plan. 
D) Simple IRA. 
A) 401(k) plan. 
B) 403(b) plan. 
C) 457 plan. 
D) Simple IRA.

The IRS has a one-rollover rule that says investors can make only one rollover from one IRA to another in any 12-month period.

Living trusts can either be

Retirement is defined as the time period when you stop all work for pay.

Which of the following is not an example of nonprobate property?

Dennis Ackley,an innovator in retirement education,suggests looking at your retirement as something you "buy" on the layaway plan.

The right of escheat gives a deceased's property to the

It is correct to say that you invest in a 401(k) or IRA account.

A(n) ____ plan is a benefit plan through which the employer makes tax-deductible contributions of company stock into a trust; these contributions are then allocated into accounts for individual employees. Employee stock-ownership

Which of the following is designed for employees of tax-exempt employers and does not allow employer contributions?

Understanding Personal Finance

Career Planning

Financial Statements,tools,and Budgets

Managing Income Taxes

Managing Checking and Savings Accounts

Building and Maintaining Good Credit

Credit Cards and Consumer Loans

Vehicles and Other Major Purchases

Obtaining Affordable Housing

Managing Property and Liability Risk

Managing Health Expenses

Life Insurance Planning

Investment Fundamentals

Investing in Stocks and Bonds

Mutual Funds and Exchange Traded Funds

Real Estate and High-Risk Investments

Filters

Exam 17: Retirement and Estate Planning

The IRS has a one-rollover rule that says investors can make only one rollover from one IRA to another in any 12-month period.

Living trusts can either be

Retirement is defined as the time period when you stop all work for pay.

Which of the following is not an example of nonprobate property?

Dennis Ackley,an innovator in retirement education,suggests looking at your retirement as something you "buy" on the layaway plan.

The right of escheat gives a deceased's property to the

It is correct to say that you invest in a 401(k) or IRA account.

A(n) ____ plan is a benefit plan through which the employer makes tax-deductible contributions of company stock into a trust; these contributions are then allocated into accounts for individual employees. Employee stock-ownership

Which of the following is designed for employees of tax-exempt employers and does not allow employer contributions?

Understanding Personal Finance

Career Planning

Financial Statements,tools,and Budgets

Managing Income Taxes

Managing Checking and Savings Accounts

Building and Maintaining Good Credit

Credit Cards and Consumer Loans

Vehicles and Other Major Purchases

Obtaining Affordable Housing

Managing Property and Liability Risk

Managing Health Expenses

Life Insurance Planning

Investment Fundamentals

Investing in Stocks and Bonds

Mutual Funds and Exchange Traded Funds

Real Estate and High-Risk Investments

Filters