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Newest Retirement Planning Questions

1. Today is Derek’s 25th birthday. Derek has been advised that he needs to have $3,816,699.00 in his retirement account the day
   1. 3 answers
   2. asked by 123
   3. 20 views
2. I still work my mediocre job at 76 even though I have enough money. Should I retire?
   1. 1 answer
   2. asked by Linda Johannsen
   3. 14 views
3. Blake had always wanted to retire in comfort, and after thinking about his long-term goals, he was certain that his average
   1. 1 answer
   2. 34 views
4. Blake had always wanted to retire in comfort, and after thinking about his long-term goals, hewas certain that his average
   1. 1 answer
   2. 42 views
5. Mariam starts saving for retirement at age 29. If she deposits $950 each month in an account that pays 7.8% interest, how much
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   2. 35 views
6. Alexus starts saving for retirement at age 35. If she deposits $1000 each month in an account that pays 6.9% interest, how much
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   2. 29 views
7. Why is it important to start making retirement plans early in life?ramsey classroom
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   2. 24 views
8. Ivan is 66 year old and has just retired. He has a nest egg of R 125 000. He wants to know what amount he will receive monthly
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   2. 30 views
9. What is a true statement about a 401k deduction?(1 point)Responses It is a contribution to the workers retirement account It is
   1. 1 answer
   2. 81 views
10. Which represents the BEST time to start saving for your retirement?(1 point) Responses As soon as you have your first full-time
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    2. 57 views
11. Which represents the BEST time to start saving for your retirement?(1 point ) As soon as you have your first full-time job Right
    1. 1 answer
    2. 43 views
12. You invest $1000 a year into a retirement account that earns four percent interest annually. How much is the account worth after
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    2. 38 views
13. Which represents the BEST time to start saving for your retirement?(1 point)A) As soon as you have your first full-time job. B)
    1. 1 answer
    2. asked by Storm
    3. 91 views
14. What is the impact of an RRSP contribution?Question 22Select one: a. A higher level of non-refundable tax credits b. A higher
    1. 1 answer
    2. 51 views
15. It is essential to save money for when you stop working, but there are other ways you can boost the amount of money you have
    1. 1 answer
    2. 55 views
16. What is the FIRE movement?- a failed music festival - a trend to develop passive income sources to retire early - a retirement
    1. 1 answer
    2. 47 views
17. How much of your social security is taxable if you received $20,000 in 2023 and you is 62 years old.
    1. 1 answer
    2. 41 views
18. questions to ask for retirement investment for grade 9
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    2. asked by yuuuurrrr
    3. 25 views
19. You plan to retire 33 years from now. You expect that you will live 27 years after retiring.You want to have enough money upon
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    2. 78 views
20. Word this differently and make it shorterSeth should consider taking his uncle's advice because saving for retirement early
    1. 1 answer
    2. asked by sticking out your gyat for the rizzler
    3. 31 views
21. Seth just graduated from college and has joined the workforce. His uncle tells him that he should open up a retirement savings
    1. 1 answer
    2. asked by silly5
    3. 74 views
22. Seth just graduated from college and has joined the workforce. His uncle tells him that he should open a retirement, saving
    1. 1 answer
    2. 48 views
23. An employee put $4,000.00 in a retirement account that offers 8% interest compounded annually. The employee makes no additional
    1. 1 answer
    2. asked by ...............................
    3. 63 views
24. Blake had always wanted to retire in comfort and after thinking about his long term goals he was certain that his average salary
    1. 1 answer
    2. 63 views
25. Seth just graduated from college and has joined the workforce. His uncle tells him that he should open up a retirement savings
    1. 1 answer
    2. 58 views
26. Seth just graduated from college and has joined the workforce. His uncle tells him that he should open up a retirement savings
    1. 5 answers
    2. 71 views
27. Seth just graduated from college and has joined the workforce. His uncle tells him that he should open up retirement savings
    1. 1 answer
    2. asked by Me
    3. 72 views
28. Seth just graduated from college and has joined the workforce. His uncle tells him that he should open up a retirement savings
    1. 2 answers
    2. asked by b
    3. 96 views
29. Seth just graduated from college and has joined the workforce. His uncle tells him that he should open up a retirement savings
    1. 2 answers
    2. 259 views
30. Seth just graduated from college and has joined the workforce. His uncle tells him that he should open up a retirement savings
    1. 1 answer
    2. asked by GhostGirl
    3. 142 views
31. eileen has ​2.5% of her earnings deposited into her retirement plan. If ​$ per month is deposited in the​ plan, find her
    1. 1 answer
    2. asked by Colin starina
    3. 84 views
32. 6. How much money should you save for your retirement every year?a. $50 a month b. as much as you can c. over 20% of your income
    1. 1 answer
    2. asked by sara
    3. 58 views
33. Will your CD rate enable you to meet your goals for retirement with an initialprincipal of $1,000.00? Write a paragraph with
    1. 5 answers
    2. 59 views
34. What is the FIRE movement?(1 point)Responses a failed music festival a failed music festival a trend to develop passive income
    1. 1 answer
    2. 87 views
35. which of the following is true about 401(k) plans? select two that apply.money is set aside for retirement after tax deductions
    1. 1 answer
    2. asked by susssy baaaka
    3. 119 views
36. An Individual Retirement Account​ (IRA) has 17000 ​$ in​ it, and the owner decides not to add any more money to the
    1. 1 answer
    2. 98 views
37. which of the following can stock options be used to fund retirementthey can be used to increase social security payments they
    1. 1 answer
    2. 47 views
38. What is the average cost of living for a retiree per year? (1 point)• around $50,000 • around $60,000 O around $70,000 •
    1. 30 answers
    2. 157 views
39. What is the FIRE movement? (1 point)a failed music festival a trend to develop passive income sources to retire early a
    1. 1 answer
    2. 81 views
40. Which of the following is a true statement about a 401k?(1 point) Responses Contributions are not taxed until the employee
    1. 1 answer
    2. 116 views
41. What is an advantage of investing pre-tax dollars in a retirement account?You will have that money to live on after you retire.
    1. 1 answer
    2. 153 views
42. Is using 401(k) money in an emergency the best idea?Yes, the money is not needed for a long time. Yes, the money was deducted
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    2. 118 views
43. What is a true statement about a 401k deduction?It is a contribution to the workers retirement account It is subtracted from the
    1. 1 answer
    2. 167 views
44. Which of the following do you not need to take into account when you retire?(1 point)Responses your monthly expenses the cost of
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    2. 57 views
45. Is using 401(k) money in an emergency the best idea? (1 point)Responses Yes, the money is not needed for a long time. Yes, the
    1. 1 answer
    2. 75 views
46. Which statement about a 401(k) is true?A 401(k) account cannot help you save for retirement. Money put into a 401(k) is pre-tax,
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    2. 206 views
47. Write in a sentence. How can pensioners safeguard themselves against the eroding effect of inflation?
    1. 1 answer
    2. asked by Magagula Thato
    3. 78 views
48. Write in a sentence . Explain the term retirement lump sum
    1. 1 answer
    2. asked by Magagula Thato
    3. 83 views
49. Sally has just finished her thirty-fifth year with her company and is getting ready to retire. During her thirty-five years,
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    2. asked by kuol wor
    3. 182 views
50. You have a policy with a cash value of $250,000 which you wish to annuitize. You are currently 62 years old and your spouse is
    1. 1 answer
    2. 137 views
51. What are the benefits of thinking about retirement expenses now?
    1. 1 answer
    2. asked by .
    3. 83 views
52. 400,000 saved for retirement account earns 6% interest how much can you pull out each month for 25yrs
    1. 5 answers
    2. 120 views
53. Have $800,000 for retirement in 20years account earns 8% interest. How much do you need to deposit each month?
    1. 3 answers
    2. 111 views
54. A​ woman, with her​ employer's matching​ program, contributes ​$600 at the end of each month to her retirement​
    1. 3 answers
    2. asked by bob
    3. 157 views
55. A​ woman, with her​ employer's matching​ program, contributes ​$400 at the end of each month to her retirement​
    1. 1 answer
    2. asked by bob
    3. 180 views
56. Blake had always wanted to retire in comfort, and after thinking about his long-term goals, he was certain that his average
    1. 1 answer
    2. asked by Helloooo
    3. 745 views
57. Catherine Dohanyos plans to retire in 15 years. She will make 15 years of monthly contributions to her retirement account. One
    1. 13 answers
    2. 281 views
58. Catherine Dohanyos plans to retire in 20 years. She will make 20 years of monthly contributions to her retirement account. One
    1. 1 answer
    2. asked by bob
    3. 139 views
59. Catherine Dohanyos plans to retire in 20 years. She will make 20 years of monthly contributions to her retirement account. One
    1. 1 answer
    2. asked by bob
    3. 126 views
60. which of the following is true about 401(k) plans? select all that apply.money is set aside for retirement after tax deductions
    1. 2 answers
    2. asked by TheDarkArtist
    3. 730 views
61. Jasmine wishes to save money to provide for her retirement. Beginning one year from now, she will begin to deposit the same
    1. 1 answer
    2. asked by Faston
    3. 165 views
62. What is an advantage of investing pre-tax dollars in a retirement account?(1 point)Responses You will have that money to live on
    1. 0 answers
    2. asked by Bunana
    3. 234 views
63. Q#1) Seekie is 50 years old and his salary next year will be $80,000. He forecasts that his salary will increase at a steady
    1. 0 answers
    2. asked by mohammed
    3. 112 views
64. You would like to have $550,000 when you retire in 25 years. How much should you invest each quarter if you can earn a rate of
    1. 0 answers
    2. asked by Anita
    3. 128 views
65. The million dollar question!Allison is 18 years old and plans to retire at age 65 (in 47 years) with $1,000,000 in her
    1. 1 answer
    2. asked by Joey
    3. 954 views
66. Given the following data for a post -retirement contributionAnnual contribution : 7500 tax bracket: 15%, Effective rate: 9% ,
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    2. asked by ariana
    3. 254 views
67. For:13,000 contribution per year post retirement tax rate of 15% earning 6% yearly for 40 yrs calculate the contribution of post
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    2. asked by ariana
    3. 259 views
68. You want to be able to withdraw $45,000 from your account each year for 30 years after you retire.You expect to retire in 15
    1. 0 answers
    2. asked by Maria
    3. 699 views
69. Suppose you want to have $700,000 for retirement in 25 years. Your account earns 7% interest.a) How much would you need to
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    2. asked by Laila
    3. 734 views
70. If Jack wants to retire with $1,000 per month, how much principal is necessary to generate this amount of monthly income if the
    1. 1 answer
    2. asked by b
    3. 1,359 views
71. Janet Woo decided to retire to Florida in 7 years. What amount should Janet invest today so she can withdraw $53,500 at the end
    1. 1 answer
    2. asked by Nicole
    3. 1,417 views
72. You want to be able to withdraw $20,000 from your account each year for 30 years after you retire. If you expect to retire in 25
    1. 0 answers
    2. asked by Need Help plz
    3. 768 views
73. You contribute $1,000 annually to a retirement account for 8 years and stop making payments at the age of 25. Your twin brother
    1. 0 answers
    2. asked by Toya
    3. 416 views
74. You contribute $1,000 annually to a retirement account for 8 years and stop making payments at the age of 25. Your twin brother
    1. 0 answers
    2. asked by Toya
    3. 515 views
75. You wish to retire in 12yrs and currently have $50,000 in a savings account yielding 5% annually and $100,000 in quality “blue
    1. 0 answers
    2. asked by Toya
    3. 419 views
76. Suppose that you want to deposit $8,000 in an RRSP account that pays interest at a fixed rate of 100r% per year compounded
    1. 1 answer
    2. asked by compound interest
    3. 579 views
77. you want to be able to withdraw 25,000 from your account each year after your retire. you expect to retire in 15 years.If your
    1. 1 answer
    2. asked by sue
    3. 1,609 views
78. Bella, who is currently 25 years old, wants to invest money into a retirement fund so as to have $2,000,000 saved up when she
    1. 0 answers
    2. asked by David
    3. 544 views
79. If John wants to retire with $10,000 per month, how much principal is necessary to generate this amount of monthly income if the
    1. 5 answers
    2. asked by Kb
    3. 3,228 views
80. Assume that your friend Mary is 30 years old and wishes to provide for her retirement. Suppose that she invests Ksh. 50,000 per
    1. 2 answers
    2. asked by Patience
    3. 1,079 views
81. Suppose you are 30 years old and would like to retire at age 60. ​Furthermore, you would like to have a retirement fund from
    1. 1 answer
    2. asked by Boop
    3. 1,343 views
82. You put $5,000 per year in an IRA earning 10% a year starting when you graduate and stop 15 years later. How much will you have
    1. 1 answer
    2. asked by Jennifer
    3. 850 views
83. Sam wants to start saving for retirement. She wants to have $85,000 per year for 25 years in retirement that will start in 40
    1. 1 answer
    2. asked by Jennifer
    3. 1,916 views
84. Molly just received a $5,000 inheritance. She wants to open an IRA for retirement, 40 years from today. If she can earn 11% per
    1. 2 answers
    2. asked by Jennifer
    3. 2,412 views
85. Mr. and Mrs. Fox have each contributed $1825.00 per year for the last eight years into RRSP accounts earning 6.93% compounded
    1. 1 answer
    2. asked by mm
    3. 1,345 views
86. Sigrid contributed $200 every month for nine years into an RRSP earning 4.3% compounded annually. She then converted the RRSP
    1. 3 answers
    2. asked by mm
    3. 1,247 views
87. Burton Bush wants to retire in Arizona when he is 80 years of age. Burton, who is now 55, believes he will need $400,000 to
    1. 1 answer
    2. asked by Deemesha
    3. 1,810 views
88. In an effort to retire comfortably, you decide to deposit $750 at the end of every monthinto an annuity that pays 5% compounded
    1. 1 answer
    2. asked by Jacob
    3. 514 views
89. Yon made contributions to a Traditional IRA over the course of 25 working years. Her contributions averaged $3,000 annually. Yon
    1. 3 answers
    2. asked by Anonymous
    3. 2,566 views
90. Lynne is 25 years old and starting an IRA (individual retirement account). She is going to invest $150 at the beginning of each
    1. 2 answers
    2. asked by Anonymous
    3. 2,303 views
91. You have $400,000 saved for retirement. Your account earns 8% interest. How much will you be able to pull out each month, if you
    1. 3 answers
    2. asked by El
    3. 1,763 views
92. You have $400,000 saved for retirement. Your account earns 8% interest. How much will you be able to pull out each month, if you
    1. 1 answer
    2. asked by El
    3. 929 views
93. What are the potential benefits and drawbacks of using a 401K for retirement savings?
    1. 0 answers
    2. asked by yee
    3. 966 views
94. In planning for retirement, Karen deposits some money at 2.5% interest and depositstwice as much at 3% interest. Find the amount
    1. 2 answers
    2. asked by Faith
    3. 552 views
95. Meg's pension plan is an annuity with a guaranteed return of 3% per year (compounded quarterly). She would like to retire with a
    1. 1 answer
    2. asked by patrick
    3. 1,219 views
96. a beautiful girl 22 years young has just graduated from college. She accepts a good job and desire to establish her own
    1. 2 answers
    2. asked by jecren
    3. 8,477 views
97. Suppose a man is 30years old and would like to retire at age 65 ​Furthermore, he would like to have a retirement fund from
    1. 1 answer
    2. asked by chris
    3. 1,155 views
98. You want to have an income of $50,000 per year in retirement, and you think you will be alive for 30 years in retirement. How
    1. 1 answer
    2. asked by Anonymous
    3. 525 views
99. An employee saves for her retirement by depositing $1000 a quarter. She deposits her money in an annuity which pays a return of
    1. 1 answer
    2. asked by james smith
    3. 496 views
100. "In order to better assist you select the best retirement benefit package to fit your personal needs" - How would you rewrite
     1. 1 answer
     2. asked by Dona
     3. 463 views