Question 1

Women outlive men by how many years?

Accepted Answer

A) 1 
B) 2 
C) 3 
D) 4 
E) 5 
A) 1 
B) 2 
C) 3 
D) 4 
E) 5 C

Question 2

Which of the following is not a non-pension saving.

Accepted Answer

A) Registered Retirement Savings Plan 
B) Deferred Profit Sharing Plan 
C) Tax-Free Savings Accounts 
D) Reverse mortgage 
E) Guaranteed Income Supplement 
A) Registered Retirement Savings Plan 
B) Deferred Profit Sharing Plan 
C) Tax-Free Savings Accounts 
D) Reverse mortgage 
E) Guaranteed Income Supplement E

Question 3

Which one of the following is a true statement about retirement planning?

Accepted Answer

A) I should update my retirement plan periodically. 
B) My pension benefits will increase to keep pace with inflation. 
C) Saving just a little bit won't help. 
D) My employer's health insurance plan will cover my medical expenses. 
E) Medicare will cover my medical expenses. 
A) I should update my retirement plan periodically. 
B) My pension benefits will increase to keep pace with inflation. 
C) Saving just a little bit won't help. 
D) My employer's health insurance plan will cover my medical expenses. 
E) Medicare will cover my medical expenses. A

Question 4

At age 65, the life expectancy of a man is 14 years.

Accepted Answer

A) True 
 B)False

Question 5

The people who are in the best position to save are:

Accepted Answer

A) middle-aged. 
B) young adults in their 20s. 
C) people in their 30s. 
D) teenagers. 
E) elderly. 
A) middle-aged. 
B) young adults in their 20s. 
C) people in their 30s. 
D) teenagers. 
E) elderly.

Question 6

The first step in stretching your retirement income is to make sure that you are

Accepted Answer

A) contributing to the CPP. 
B) covered by an employer pension plan. 
C) contributing to a RRIF. 
D) saving funds in a RRSP. 
E) receiving all of the income to which you are entitled. 
A) contributing to the CPP. 
B) covered by an employer pension plan. 
C) contributing to a RRIF. 
D) saving funds in a RRSP. 
E) receiving all of the income to which you are entitled.

Question 7

Which one of the following expenditures for retirees is likely to decrease?

Accepted Answer

A) food and medical care 
B) federal income taxes 
C) expenses for leisure activities 
D) medical expenses 
E) insurance 
A) food and medical care 
B) federal income taxes 
C) expenses for leisure activities 
D) medical expenses 
E) insurance

Question 8

A(n) ____________ is appealing because it allows people to stay in their homes as they grow older and frail.

Accepted Answer

A) accessory apartment 
B) caretaker arrangement 
C) commercial rental 
D) universal design home 
E) congregate housing 
A) accessory apartment 
B) caretaker arrangement 
C) commercial rental 
D) universal design home 
E) congregate housing

Question 9

To stretch your income during retirement, you could

Accepted Answer

A) skip leisure activities. 
B) cut your food expenditures. 
C) cancel your life and property insurance. 
D) use your skills and time instead of your money. 
E) not travel. 
A) skip leisure activities. 
B) cut your food expenditures. 
C) cancel your life and property insurance. 
D) use your skills and time instead of your money. 
E) not travel.

Question 10

An employee whose pension has not vested will lose all contributions to her pension plan if she transfers to a new employer.

Accepted Answer

A) True 
 B)False

Question 11

At age 65, what is the average life expectancy of a woman?

Accepted Answer

A) 9 years 
B) 12 years 
C) 15 years 
D) 21 years 
E) 30 years 
A) 9 years 
B) 12 years 
C) 15 years 
D) 21 years 
E) 30 years

Question 12

Federal programs are the major source of public retirement pensions.

Accepted Answer

A) True 
 B)False

Question 13

Which one of the following expenditures for retirees is likely to decrease?

Accepted Answer

A) food and medical care 
B) clothing expenses 
C) expenses for leisure activities 
D) medical expenses 
E) insurance 
A) food and medical care 
B) clothing expenses 
C) expenses for leisure activities 
D) medical expenses 
E) insurance

Question 14

Be certain you don't let your ____________ birthday roll by without a comprehensive retirement plan.

Accepted Answer

A) 25th 
B) 35th 
C) 45th 
D) 55th 
E) 65th 
A) 25th 
B) 35th 
C) 45th 
D) 55th 
E) 65th

Question 15

Many people make the move into retirement housing without:

Accepted Answer

A) considering seasonal factors. 
B) experiencing many obstacles. 
C) a spouse or companion. 
D) doing enough research. 
E) the proper accommodations. 
A) considering seasonal factors. 
B) experiencing many obstacles. 
C) a spouse or companion. 
D) doing enough research. 
E) the proper accommodations.

Question 16

What is the most popular personal retirement plan?

Accepted Answer

A) Deferred Profit Sharing Plan 
B) Registered Pension Plan 
C) Registered Retirement Savings Plan 
D) Canada Pension Plan 
E) New Seniors Benefit 
A) Deferred Profit Sharing Plan 
B) Registered Pension Plan 
C) Registered Retirement Savings Plan 
D) Canada Pension Plan 
E) New Seniors Benefit

Question 17

At age 65, the life expectancy of a man is 7 years.

Accepted Answer

A) True 
 B)False

Question 18

You can expect to spend about ________ years in retirement

Accepted Answer

A) 5-10 
B) 11-15 
C) 16-20 
D) 21-25 
E) 26 or more 
A) 5-10 
B) 11-15 
C) 16-20 
D) 21-25 
E) 26 or more

Question 19

Which of the following is not a public pension plan in Canada?

Accepted Answer

A) CPP 
B) QPP 
C) OAS 
D) RRSP 
E) ETA 
A) CPP 
B) QPP 
C) OAS 
D) RRSP 
E) ETA

Question 20

Which statement is correct regarding retirement living expenses?

Accepted Answer

A) It is impossible to estimate your spending needs. 
B) The exact amount of money you'll need is impossible to predict. 
C) You'll use a smaller amount of money for food, housing, and medical care. 
D) Your spending patterns will probably not change. 
E) The exact amount of money you'll need can be accurately predicted. 
A) It is impossible to estimate your spending needs. 
B) The exact amount of money you'll need is impossible to predict. 
C) You'll use a smaller amount of money for food, housing, and medical care. 
D) Your spending patterns will probably not change. 
E) The exact amount of money you'll need can be accurately predicted.

Women outlive men by how many years?

Which of the following is not a non-pension saving.

Which one of the following is a true statement about retirement planning?

At age 65, the life expectancy of a man is 14 years.

The people who are in the best position to save are:

The first step in stretching your retirement income is to make sure that you are

Which one of the following expenditures for retirees is likely to decrease?

A(n) ____________ is appealing because it allows people to stay in their homes as they grow older and frail.

To stretch your income during retirement, you could

An employee whose pension has not vested will lose all contributions to her pension plan if she transfers to a new employer.

At age 65, what is the average life expectancy of a woman?

Federal programs are the major source of public retirement pensions.

Which one of the following expenditures for retirees is likely to decrease?

Be certain you don't let your ____________ birthday roll by without a comprehensive retirement plan.

Many people make the move into retirement housing without:

What is the most popular personal retirement plan?

At age 65, the life expectancy of a man is 7 years.

You can expect to spend about ________ years in retirement

Which of the following is not a public pension plan in Canada?

Which statement is correct regarding retirement living expenses?

Personal Financial Planning: An Introduction

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

Banking Services of Financial Institutions

Introduction to Consumer Credit

Choosing a Source of Credit: The Costs of Credit Alternatives

The Finances of Housing

Home and Automobile Insurance

Life, Health, and Disability Insurance

Fundamentals of Investing

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Estate Planning

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Exam 14: Retirement Planning

Women outlive men by how many years?

Which of the following is not a non-pension saving.

Which one of the following is a true statement about retirement planning?

At age 65, the life expectancy of a man is 14 years.

The people who are in the best position to save are:

The first step in stretching your retirement income is to make sure that you are

Which one of the following expenditures for retirees is likely to decrease?

A(n) ____________ is appealing because it allows people to stay in their homes as they grow older and frail.

To stretch your income during retirement, you could

An employee whose pension has not vested will lose all contributions to her pension plan if she transfers to a new employer.

At age 65, what is the average life expectancy of a woman?

Federal programs are the major source of public retirement pensions.

Which one of the following expenditures for retirees is likely to decrease?

Be certain you don't let your ____________ birthday roll by without a comprehensive retirement plan.

Many people make the move into retirement housing without:

What is the most popular personal retirement plan?

At age 65, the life expectancy of a man is 7 years.

You can expect to spend about ________ years in retirement

Which of the following is not a public pension plan in Canada?

Which statement is correct regarding retirement living expenses?

Personal Financial Planning: An Introduction

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

Banking Services of Financial Institutions

Introduction to Consumer Credit

Choosing a Source of Credit: The Costs of Credit Alternatives

The Finances of Housing

Home and Automobile Insurance

Life, Health, and Disability Insurance

Fundamentals of Investing

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Estate Planning

Filters