Question 1

Part of the getting started stage is to begin saving for your goals. What are the critical steps to doing so?

Accepted Answer

A)  Make savings automatic ‑pay yourself first. 
B)  Control your spending ‑live within your means. 
C)  Catching your matches ‑take advantage of any employer contributions 
D)  All of the above are correct. 
E)  Only A and C are correct. 
A)  Make savings automatic ‑pay yourself first. 
B)  Control your spending ‑live within your means. 
C)  Catching your matches ‑take advantage of any employer contributions 
D)  All of the above are correct. 
E)  Only A and C are correct.

Question 2

List the main "life events" as discussed in your textbook.

Accepted Answer

1.Getting started
2.Marriage
3

Question 3

According to U.S. News and World Reports, the required investment for a medium income family to raise and support a child for 22 years is approximately

Accepted Answer

A)  $52,000 
B)  $197,704 
C)  $1,000,000 
D)  $1,450,000 
E)  $3,000,000 
A)  $52,000 
B)  $197,704 
C)  $1,000,000 
D)  $1,450,000 
E)  $3,000,000

Question 4

Opening a 529 plan for yourself near the end of your career is a good means to save for your retirement.

Accepted Answer

A) True 
 B)False

Question 5

On average, married men earn 26% more money than unmarried men.

Accepted Answer

A) True 
 B)False

Question 6

What challenges to personal financial planning does marriage present?

Accepted Answer

A)  Setting common goals 
B)  Establishing a common household budget 
C)  Asset ownership and estate planning 
D)  All of the above are correct 
E)  Only B and C are correct 
A)  Setting common goals 
B)  Establishing a common household budget 
C)  Asset ownership and estate planning 
D)  All of the above are correct 
E)  Only B and C are correct

Question 7

Which of the following does a budget help you accomplish?

Accepted Answer

A)  It allows you to not think about what you spend money on. 
B)  It allows you to live above your means. 
C)  It forces you to use restraint. 
D)  all of the above 
E)  none of the above 
A)  It allows you to not think about what you spend money on. 
B)  It allows you to live above your means. 
C)  It forces you to use restraint. 
D)  all of the above 
E)  none of the above

Question 8

Why is it more difficult for women to plan for their retirement than it is for men?

Accepted Answer

A)  On average, men die younger than women. 
B)  Women generally earn less income and pay less into Social Security than men do. 
C)  Women rely on defined-benefit plans more than men do. 
D)  All of the above are correct. 
E)  Only A and B are correct. 
A)  On average, men die younger than women. 
B)  Women generally earn less income and pay less into Social Security than men do. 
C)  Women rely on defined-benefit plans more than men do. 
D)  All of the above are correct. 
E)  Only A and B are correct.

Question 9

Suppose that immediately after graduation you invested $3,000 each year for 15 years and nothing thereafter. You earn 10% on this money. Which of the following is closest to the amount of money you would you have on deposit when you retired in 40 years (25 years after the deposits stopped)?

Accepted Answer

A)  $47,812 
B)  $523,482 
C)  $834,295 
D)  $1,032,736 
A)  $47,812 
B)  $523,482 
C)  $834,295 
D)  $1,032,736

Part of the getting started stage is to begin saving for your goals. What are the critical steps to doing so?

List the main "life events" as discussed in your textbook.

According to U.S. News and World Reports, the required investment for a medium income family to raise and support a child for 22 years is approximately

Opening a 529 plan for yourself near the end of your career is a good means to save for your retirement.

On average, married men earn 26% more money than unmarried men.

What challenges to personal financial planning does marriage present?

Which of the following does a budget help you accomplish?

Why is it more difficult for women to plan for their retirement than it is for men?

Suppose that immediately after graduation you invested $3,000 each year for 15 years and nothing thereafter. You earn 10% on this money. Which of the following is closest to the amount of money you would you have on deposit when you retired in 40 years (25 years after the deposits stopped)?

The Financial Planning Process

Measuring Your Financial Health and Making a Plan

Understanding and Appreciating the Time Value of Money

Tax Planning and Strategies

Cash or Liquid Asset Management

Using Credit Cards: The Role of Open Credit

Using Consumer Loans: The Role of Planned Borrowing

The Home and Automobile Decision

Life and Health Insurance

Property and Liability Insurance

Investment Basics

Securities Markets

Investing in Stocks

Investing in Bonds and Other Alternatives

Mutual Funds: An Easy Way to Diversify

Retirement Planning

Estate Planning: Saving Your Heirs Money and Headaches

Filters

Exam 18: Financial Life Events Fitting the Pieces Together

Part of the getting started stage is to begin saving for your goals. What are the critical steps to doing so?

List the main "life events" as discussed in your textbook.

According to U.S. News and World Reports, the required investment for a medium income family to raise and support a child for 22 years is approximately

Opening a 529 plan for yourself near the end of your career is a good means to save for your retirement.

On average, married men earn 26% more money than unmarried men.

What challenges to personal financial planning does marriage present?

Which of the following does a budget help you accomplish?

Why is it more difficult for women to plan for their retirement than it is for men?

Suppose that immediately after graduation you invested $3,000 each year for 15 years and nothing thereafter. You earn 10% on this money. Which of the following is closest to the amount of money you would you have on deposit when you retired in 40 years (25 years after the deposits stopped)?

The Financial Planning Process

Measuring Your Financial Health and Making a Plan

Understanding and Appreciating the Time Value of Money

Tax Planning and Strategies

Cash or Liquid Asset Management

Using Credit Cards: The Role of Open Credit

Using Consumer Loans: The Role of Planned Borrowing

The Home and Automobile Decision

Life and Health Insurance

Property and Liability Insurance

Investment Basics

Securities Markets

Investing in Stocks

Investing in Bonds and Other Alternatives

Mutual Funds: An Easy Way to Diversify

Retirement Planning

Estate Planning: Saving Your Heirs Money and Headaches

Filters