Module 1 Quiz - Certified Professional Retirement Coach

Module 1 Quiz

You'll need to correctly answer at least 7 of the 10 questions below (at least 70%) to progress to the next unit.

Question #1: What is Retirement Coaching? (Select all that apply)

An interactive process of exploring all aspects of the retirement lifestyle which leads to effective action
The way in which we give our clients permission to open up and discover who they are
A process that is done best in an office setting and in a one-on-one format
A gateway to various types of retirement-based advocacy

Question #2: Individuals and couples who don’t plan for the non-financial aspects of retirement run the risk of? (Select all that apply)

Waste the first few, and most valuable, years of retirement trying to figure out who they are now
Wonder why retirement doesn't look or feel like they thought it would
Feel socially awkward because they don’t fit in at the senior center or with friends who are still working
Feel isolated because declining hearing or vision limits their ability to connect with others

Question #3: Retirement can be confusing for some retirees because they assume they are leaving work behind once they officially retire, and don’t realize a successful transition into retirement takes work and can require a different set of skills and abilities than those used to reach it.

True
False

Question #4: Baby Boomers are? (Select all that apply)

Known for challenging the status quo
The first generation that is more responsible for their retirement savings than ever before
Characterized by deep-rooted desire to be relevant, while staying young, and active
Struggling with factors like divorce, addiction, and depression

Question #5: The Dark Side of retirement suggests that: (Select all that apply)

The number of retirees with alcohol and other drug problems will leap 150% to 4.4 million – up from only 1.7 million in 2001.
Conditions such as heart attack, stroke, hip fracture or macular degeneration, as well as procedures such as bypass surgery are known to be associated with the development of depression.
Grief over a spouse's death or terminal illness diagnosis may contribute to high rates of depression and suicide among the elderly
Depression is a natural part of the aging process

Question #6: Some experts suggest that factors like depression, addiction, and divorce may be the result of Baby Boomers' lofty expectations about their ability to constantly re-invent themselves as well as the ability to stay young and relevant forever.

True
False

Question #7: Who is credited with developing the first Social Security system?

Francis Townsend
Otto Von Bismark
Franklin D. Roosevelt
Ted Benna

Question #8: Which of the following myths are part of traditional retirement planning? (Select all that apply.)

Clients don't like what they do for a living.
They don’t enjoy or need the mental, social and physical aspects of work life.
Buying their freedom from work won’t enslave them to other things such as poor health or lack of purpose.
Couples want to spend more time together, understand how their roles may change and agree on how to direct retirement savings.

Question #9: Social Security was created with the anticipation that people would typically live 20 years, or longer, beyond their retirement age.

True
False

Question #10: One reason for the so called retirement savings crisis is the seismic shift from company-sponsored pension plans to individual retirement savings plans that took place in the 1980s

True
False