Retirement Planning Quiz
Take this quiz to learn about the basics of retirement planning.
1. Which of the following is NOT a benefit of investing for retirement?
A. Tax advantages
B. Potential for higher returns
C. Financial security
D. Immediate access to funds
2. What is the recommended age to start investing for retirement?
A. 30
B. 40
C. 50
D. There is no specific age
3. Which investment option is considered the least risky?
A. Stocks
B. Bonds
C. Mutual funds
D. Real estate
4. What is the purpose of diversifying investments for retirement?
A. To increase tax liabilities
B. To eliminate all risk
C. To maximize returns
D. To reduce risk
5. What is the general rule of thumb for determining retirement savings goals?
A. One year's salary
B. Three times annual expenses
C. Ten times current age
D. Five times annual income
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