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Module 8 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 concepts will empower clients when they consider their finances in relation to retirement? (Select all that apply.)
Question #2: Clients should write down how much money they expect their savings to make each year and how much they can tolerate losing before making a change?
Question #3: Offering clients a suite of free financial tools can go a long way in helping them achieve their retirement goals.
Question #4: Mark has $250,000 available for retirement. A 4% annual withdrawal rate, with no growth or inflation, would equate to a $10,000 annual distribution. How many years could Mark expect to draw upon these funds.
Question #5: All or most Social Security benefit payments will stop in 2033 and generations seeking Social Security after the Baby Boomers will be out of luck, having paid into a system they can’t get anything from.
Question #6: Sue begins to take her Social Security benefits at age 62, while her friend, Carla, decides to wait until the full retirement age of 66. About how many years will Sue earn more than Carla?
Question #7: Withdrawals from a qualified account, like an IRA, 401(k), 403(b), SEP IRA, SIMPLE IRA, or 457 plan, are not taxed as income.
Question #8: Coaches and clients should understand that all financial professionals do not operate under the same rules and guidelines.
Question #9: A good advisor should have no problem disclosing how much they make based on their recommendations.
Question #10: Which guidelines are part of a common-sense approach to investing and removing emotions from investment decisions?