Question 1

In estimating the future value of your retirement investments,you would consider all of the following except

Accepted Answer

A)  the amount invested. 
B)  your annual return. 
C)  the number of years you will invest. 
D)  the age at which your spouse will retire. 
A)  the amount invested. 
B)  your annual return. 
C)  the number of years you will invest. 
D)  the age at which your spouse will retire.

Question 2

Which of the following employers might offer you a SEP?

Accepted Answer

A)  Al's Gas Station 
B)  Ford Motor Company 
C)  U.S. Army 
D)  General Electric 
A)  Al's Gas Station 
B)  Ford Motor Company 
C)  U.S. Army 
D)  General Electric

Question 3

As you plan for retirement,you should consider Social Security benefits as a supplement to

Accepted Answer

A)  your 401(k) savings. 
B)  your company pension if one exists. 
C)  your investment portfolio. 
D)  All of the above are correct. 
A)  your 401(k) savings. 
B)  your company pension if one exists. 
C)  your investment portfolio. 
D)  All of the above are correct.

Question 4

An ESOP (employee stock ownership plan)is generally more risky than retirement plans invested in diversified mutual funds.

Accepted Answer

A) True 
 B)False

Question 5

In the last 20 years,many employers have shifted from

Accepted Answer

A)  defined-contribution to defined-benefit plans. 
B)  defined-benefit to defined-contribution plans. 
C)  401(k) plans to 403(b) plans. 
D)  SEP plans to SIMPLE plans. 
A)  defined-contribution to defined-benefit plans. 
B)  defined-benefit to defined-contribution plans. 
C)  401(k) plans to 403(b) plans. 
D)  SEP plans to SIMPLE plans.

Question 6

Which of the following is not a defined-contribution retirement plan offered by employers?

Accepted Answer

A)  401(k) plan, 403(b) plan 
B)  SEP 
C)  403(b) plan 
D)  Keogh plan 
A)  401(k) plan, 403(b) plan 
B)  SEP 
C)  403(b) plan 
D)  Keogh plan

Question 7

If you are contributing to a 401(k)plan at work,you can still contribute to

Accepted Answer

A)  a traditional IRA. 
B)  a Roth IRA. 
C)  a SEP. 
D)  a Keogh plan. 
A)  a traditional IRA. 
B)  a Roth IRA. 
C)  a SEP. 
D)  a Keogh plan.

Question 8

If your retirement plan has no vesting requirement then it is not a

Accepted Answer

A)  defined-benefit plan. 
B)  Roth IRA. 
C)  traditional IRA. 
D)  Keogh plan. 
A)  defined-benefit plan. 
B)  Roth IRA. 
C)  traditional IRA. 
D)  Keogh plan.

Question 9

Which of the following is a defined-contribution plan intended for firms with 100 or fewer employees?

Accepted Answer

A)  401(k) plan 
B)  SEP plan 
C)  SIMPLE plan 
D)  403(b) plan 
A)  401(k) plan 
B)  SEP plan 
C)  SIMPLE plan 
D)  403(b) plan

Question 10

Once you leave a job with an employer,you will probably forfeit your retirement account unless you have been with the company for 15 or more years.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is not true of retirement plans for the self-employed?

Accepted Answer

A)  A Keogh plan is usually used by high income individuals. 
B)  Under a SEP, a maximum contribution of $53,000 is allowed for 2015. 
C)  Self-employed individuals can choose from several plans including SEP plans and one-participant 401(k) plans. 
D)  A one-participant 401(k) plan is similar to 401(k) plans for employees except that it allows larger contributions. 
A)  A Keogh plan is usually used by high income individuals. 
B)  Under a SEP, a maximum contribution of $53,000 is allowed for 2015. 
C)  Self-employed individuals can choose from several plans including SEP plans and one-participant 401(k) plans. 
D)  A one-participant 401(k) plan is similar to 401(k) plans for employees except that it allows larger contributions.

Question 12

It is often a good idea to invest most or all of your retirement savings in the stock of your employer so that you will demonstrate your loyalty.

Accepted Answer

A) True 
 B)False

In estimating the future value of your retirement investments,you would consider all of the following except

Which of the following employers might offer you a SEP?

As you plan for retirement,you should consider Social Security benefits as a supplement to

An ESOP (employee stock ownership plan)is generally more risky than retirement plans invested in diversified mutual funds.

In the last 20 years,many employers have shifted from

Which of the following is not a defined-contribution retirement plan offered by employers?

If you are contributing to a 401(k)plan at work,you can still contribute to

If your retirement plan has no vesting requirement then it is not a

Which of the following is a defined-contribution plan intended for firms with 100 or fewer employees?

Once you leave a job with an employer,you will probably forfeit your retirement account unless you have been with the company for 15 or more years.

Which of the following is not true of retirement plans for the self-employed?

It is often a good idea to invest most or all of your retirement savings in the stock of your employer so that you will demonstrate your loyalty.

Overview of a Financial Plan

Planning With Personal Financial Statements

Applying Time Value Concepts

Using Tax Concepts for Planning

Banking and Interest Rates

Managing Your Money

Assessing and Securing Your Credit

Managing Your Credit

Personal Loans

Purchasing and Financing a Home

Auto and Homeowners Insurance

Health and Disability Insurance

Life Insurance

Investing Fundamentals

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Asset Allocation

Estate Planning

Integrating the Components of a Financial Plan

Filters

Exam 19: Retirement Planning

In estimating the future value of your retirement investments,you would consider all of the following except

Which of the following employers might offer you a SEP?

As you plan for retirement,you should consider Social Security benefits as a supplement to

An ESOP (employee stock ownership plan)is generally more risky than retirement plans invested in diversified mutual funds.

In the last 20 years,many employers have shifted from

Which of the following is not a defined-contribution retirement plan offered by employers?

If you are contributing to a 401(k)plan at work,you can still contribute to

If your retirement plan has no vesting requirement then it is not a

Which of the following is a defined-contribution plan intended for firms with 100 or fewer employees?

Once you leave a job with an employer,you will probably forfeit your retirement account unless you have been with the company for 15 or more years.

Which of the following is not true of retirement plans for the self-employed?

It is often a good idea to invest most or all of your retirement savings in the stock of your employer so that you will demonstrate your loyalty.

Overview of a Financial Plan

Planning With Personal Financial Statements

Applying Time Value Concepts

Using Tax Concepts for Planning

Banking and Interest Rates

Managing Your Money

Assessing and Securing Your Credit

Managing Your Credit

Personal Loans

Purchasing and Financing a Home

Auto and Homeowners Insurance

Health and Disability Insurance

Life Insurance

Investing Fundamentals

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Asset Allocation

Estate Planning

Integrating the Components of a Financial Plan

Filters