1) To qualify for the earned income credit, taxpayers must have earned income.
2) Buying cash-value life insurance is a method of forced savings.
3) When you buy shares in a mutual fund you are trusting that the fund’s investment
advisers share your investment objectives.
4) The fee charged for insurance protection is called a premium.
5) New Treasury securities can be purchased online by using the Treasury Direct Plan.
6) The SEC regulations regarding disclosure of fees in a prospectus include requiring a
standardized expense table within its first three pages.
7) Homeowner’s policies may include a clause that automatically raises the policy
coverage amount each year to keep pace with inflationary increases in the cost of
replacing the dwelling.
8) Data from the Investment Company Institute reveal that it makes very little
difference which type of stock mutual fund you invest in over the long term.
9) You can name a contingent beneficiary on an asset in case the beneficiary dies before
you do.
10) Repossession of property is much easier for the lender with a conditional sales
contract than with an installment purchase agreement.
11) An investment program should be started before one pays off credit card balances.
12) The stated commission on a load mutual fund is an accurate measure of the load
being assessed.
13) Other factors being equal, tax-sheltered income is preferable to tax-free income.
14) The needs-based approach is not as accurate as the multiple-of-earnings approach.
15) Posting your resume on Monster.com is all you need to do to get a good job.