Reference no: EM133110391
1. Which of the following is the second step of the retirement planning process? Multiple Choice
a. Familiarize yourself with retirement issues.
b. Develop goals.
c. Analyze retirement risks.
2. Real property includes: Multiple Choice
a. None of the choices are correct.
b. Land
c. Structures that are affixed to land
3. A gift must be less than what amount per person to avoid affecting the estate tax exemption? Multiple Choice
a. $14,000.
b. $10,000.
c. $10,500.
4. By which of the following steps in the financial planning process do we ask "Have you analyzed all areas that you intended to?" Multiple Choice
a. Establishing the scope of the activity.
b. None of the choices are correct.
c. All of the choices are correct.
5. Which of the following is not a type of income from investment activities? Multiple Choice
a. Medium-term capital gains and losses.
b. Short-term capital gain and losses.
c. Dividend.
6. An ideal financial plan should have: Multiple Choice .
a. All of the choices are correct.
b. A summary at the end.
c. A mix of written information, numbers through tables, and figures.
7. Which of the following is not a feature of a defined benefit plan? Multiple Choice
a. Tax Deferral on Income and Capital Gains and Taxation of Pension Payout of Original Deposit
b. Tax Deferral on Income and Capital Gains
c. Typically Indexed for Inflation
8. Which of the following is not a factor that leads to market interest rate fluctuations? Multiple Choice
a. Changes in the expected rate of inflation
b. All of the choices are factors
c. Economic activity
9. Why does capital needs analysis qualifies as a PFP integration approach? Multiple
Choice
a. It takes into account past income and expenses and assets and liabilities.
b. It takes into account all current and projected income and expenses and assets and liabilities over our life cycle.
c. None of the choices are correct.
10. Which of the following is incorrect? Multiple Choice
a. The letter of instruction can indicate where the will and other important papers are located.
b. The letter of instruction is a legal document.
c. The letter of instruction can include burial wishes.