1.It is vital to engage in basic retirement planning activities throughout your working
years.
Answer:TRUE
2.Today, federal, state, and local governments and most corporations have a home page
where you can obtain valuable information.
Answer:TRUE
3.A screening interview is reserved for only the finalists in a job search.
Answer:FALSE
4.In a Chapter 13 bankruptcy, the debtor normally keeps all or most of his or her property.
Answer:TRUE
5.Your work-related expenses, such as driving back and forth to work, will be lower or
eliminated during retirement.
Answer:TRUE
6.Hospital expense insurance pays part or all of the hospital bills for room, board, and
other charges.
Answer:TRUE
7.If your death would cause financial stress for your dependents, you should consider
purchasing life insurance.
Answer:TRUE
8.Opportunity costs are only associated with money management decisions involving
long-term financial security.
Answer:FALSE
9.Limited partnerships and syndicates are examples of direct real estate investment.
Answer:FALSE
10.Under certain circumstances, the Roth IRA allows for penalty-free withdrawals as well
as tax-free distributions.
Answer:TRUE
11.The second-to-die option is paid when the first spouse dies.
Answer:FALSE
12.With the add-on interest method, interest is calculated on the full amount of the original
principal.
Answer:TRUE
13.The Consumer Credit Counseling Service counseling is usually free.
Answer:TRUE
14.A rider is any document attached to the policy that modifies its coverage by adding or
excluding specified conditions or altering its benefits.
Answer:TRUE
15.Mutual funds charge the 12b-1 fee to offset advertising and marketing costs.
Answer:TRUE
16.Although unpopular a few years back, more and more corporations are issuing bearer
bonds.
Answer:FALSE