A State administered nealthcare program tor people or low economic means is called A. Personal Umbrella Insurance B. Comprehensive Major Medical Insurance C. Medicare Insurance D. Long Term Care Insurance E. Medicaid Insurance QUESTION 2 The major mistake(s) people make in retirement planning is(are) A. Having concentrations in their portfolio B. Investing too conservatively C. Starting to save too late. D. Saving too little E. Investing too aggressively QUESTION 3 Bill and Karen plan to retire in 35 years and want to have $5,000,000 at the time of their retirement. If they can earn 7% annually on their funds, how much do they need to save monthly? They are starting with no money saved. (Payments are made at the end of each month) A. $1,905 B. $11,905 C. $31,941 D. $2,776 E. $36.170