Multiple Choice
Identify the
choice that best completes the statement or answers the question.
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1.
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Planning for a financially secure retirement includes…
a. | depending only on the income you will get from Social Security. | b. | expecting your
employer to take responsibility for your plan. | c. | starting early to give your investments time to
grow. | d. | starting your contributions once you have been employed for several
years. |
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2.
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For people born after 1959, full retirement age for the purpose of Social
Security benefits is…
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3.
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An ESOP gives participants…
a. | a defined-benefit plan. | c. | a tax
deferment. | b. | a portion of the company’s profits. | d. | shares of stock in the
company. |
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4.
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Minimally, a will should provide for all of the following EXCEPT…
a. | appointing a legal guardian for minor children if necessary. | b. | identifying an
executor. | c. | providing for the payment of liabilities and other allocation of
assets. | d. | specific instructions for funeral arrangements. |
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