personal finance
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | expenses will drop; retirement will only last 15yrs; depend on SS
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| show | yes
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| how many years should you expect to spend in retirement | show 🗑
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| Be certain you don't let your 45th birthday roll by without a comprehensive retirement plan. | show 🗑
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| At age 65, what is the average life expectancy of a man and 19 for a woman. | show 🗑
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| Financial planning for retirement vitally important? | show 🗑
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| You can determine your net worth by: | show 🗑
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| -Reverse annuity mortgage | show 🗑
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| When you are nearing retirement, it is a good idea to: | show 🗑
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| show |
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| following expenditures for retirees is likely to increase | show 🗑
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| show | clothing expenses; federal income taxes
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| type of housing is designed to allow people to stay in their homes as they grow older? | show 🗑
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| When do you apply for Social Security? x | show 🗑
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| Most employers' pension plans are defined-contribution or defined-benefit plans. | show 🗑
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| show | defined-benefit plan
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| Keogh accounts and individual retirement accounts the two most popular personal retirement plans? | show 🗑
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| His contributions are tax deductible | show 🗑
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| His contributions are not tax deductible but earnings accumulate | show 🗑
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| type of annuity is generally purchased by people of retirement age? | show 🗑
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| show |
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| show |
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| Estate planning has two parts. The first part consists of: | show 🗑
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| In estate planning, if you are married: | show 🗑
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| Unmarried couples face formidable retirement and estate planning challenges. | show 🗑
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| show |
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| A will is assets be divided equally between his wife and his two sons. | show 🗑
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| show | "I love you" will?
simple will -
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| show | traditional marital share will
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| type of will does everything pass to your spouse, with the exception of an amount equal to the exemption, which passes into trust? | show 🗑
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| show | holographic will
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| show | Formal Will
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| show | executor
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| show | codicil
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| show |
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| show | prenuptial agreement.
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| show | Guardian
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| person or institution that holds or generally manages property for the benefit of someone else under a trust agreement | show 🗑
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| legal document authorizing someone to act on your behalf is called a: | show 🗑
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| selected to receive the assets of his brother Kyle in the event of Kyle's death. | show 🗑
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| If you establish a(n) revocable trust, you retain the right to end the trust or change its terms | show 🗑
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| show |
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| Living trust is a property management arrangement that you establish while you are alive. | show 🗑
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| trust established by your will that becomes effective upon your death is called a(n) testamentary trust. | show 🗑
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| How many months after your death is the federal estate tax due and payable in cash? | show 🗑
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| An inheritance tax is levied on the right of an heir to receive all or part of the estate and life insurance proceeds of a deceased person. | show 🗑
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| The maximum tax rate on estates and gifts: | show 🗑
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Created by:
mcarter06