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Retirement & Investment Pre-Test cloned 4/4/2022
By Nathan Pruett
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Last updated about 4 years ago
7 questions
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Question 1
1.
Question 2
2.
Question 3
3.
Question 4
4.
Question 5
5.
Question 6
6.
Question 7
7.
The term “pension” is centered around money that has been saved and will be used during retirement.
True
False
If you are putting 4% of your salary toward an IRA and you earned $3000 per paycheck, how much are you contributing per paycheck?
$40
$180
$220
$120
It is always a good idea to invest in areas which you do not understand.
True
False
To own “stock” of a company is to say that you purchased what?
Placement
Products
Title
Ownership
When talking about investments or investing for retirement, the more complex the investment the better.
True
False
When you are investing, you want to put all your money in one area (all your eggs in one basket).
True
False
Your investments tend to make more money if you
Wait until the last minute to invest
Invest in bad companies and make poor choices
Start early and plan for the long-term
Wait until you are 55 to plan for retirement