Which is a form of passive income?(1 point)
Responses
owning rental property
owning rental property
teaching golf
teaching golf
wages from a part-time job
wages from a part-time job
trading stocks
trading stocks
11 answers
owning rental property, trading stocks
Costs of Retirement Quick Check
2 of 52 of 5 Items
Question
Which of the following do you not need to take into account when you retire?(1 point)
Responses
your monthly expenses
your monthly expenses
the cost of living in your city and state
the cost of living in your city and state
how much money you have saved in your retirement fund
how much money you have saved in your retirement fund
whether your money comes from active or passive income
2 of 52 of 5 Items
Question
Which of the following do you not need to take into account when you retire?(1 point)
Responses
your monthly expenses
your monthly expenses
the cost of living in your city and state
the cost of living in your city and state
how much money you have saved in your retirement fund
how much money you have saved in your retirement fund
whether your money comes from active or passive income
whether your money comes from active or passive income
What is the FIRE movement?(1 point)
Responses
a failed music festival
a failed music festival
a trend to develop passive income sources to retire early
a trend to develop passive income sources to retire early
a retirement bank account
a retirement bank account
a government initiative to provide added benefits to retired citizens
a government initiative to provide added benefits to retired citizens
Responses
a failed music festival
a failed music festival
a trend to develop passive income sources to retire early
a trend to develop passive income sources to retire early
a retirement bank account
a retirement bank account
a government initiative to provide added benefits to retired citizens
a government initiative to provide added benefits to retired citizens
a trend to develop passive income sources to retire early
Which percent of Americans chose to go back to work after retiring?(1 point)
Responses
10%
10%
20%
20%
30%
30%
40%
Responses
10%
10%
20%
20%
30%
30%
40%
10%
What is the average cost of living for a retiree per year?(1 point)
Responses
around $50,000
around $50,000
around $60,000
around $60,000
around $70,000
around $70,000
around $80,000
around $80,000
Responses
around $50,000
around $50,000
around $60,000
around $60,000
around $70,000
around $70,000
around $80,000
around $80,000
There is no specific answer to this question as the average cost of living for a retiree per year can vary depending on various factors such as location, lifestyle, and personal circumstances.
What is the average cost of living for a retiree per year?
According to a survey conducted in 2021 by the Senior Citizens League, the average cost of living for a retiree per year is approximately $50,000. However, it's important to note that this can vary significantly depending on factors such as location, housing, healthcare expenses, and individual lifestyle choices.
9 answers