Can you help with these multiple choice questions on financial planning?

The average person retires at age 65. True False Life expectancy trends have been increasing, on average, for everyone with at least a college degree. True False Life expectancy assumptions should be adjusted for personal and family healthy history and it should be revised as a person nears age 65. True False The standard of living enjoyed during the years just prior to retirement largely influences the client's expectations for his or her postretirement standard of living. True False A retired worker's income can fall by the amount being saved for retirement with no concurrent reduction in standard of living. True False Some expenses that tend to increase for retirees include medical bills, recreation expenditures, and house repair costs. True False Financial professionals should simply use the headline CPIU (inflation) number as a retirement planning assumption. True False Whatever the client's risk tolerances, he or she should be encouraged to be aggressive in the early years of building the retirement portfolio. True False Investment in an employer's stock should be limited. True False In general, it is best to plan for a longer life expectancy, higher inflation, and higher investment returns. This will ensure a more conservative chance of success in the financial planning process. True False The process of calculating the amount of the client's retirement need is complicated by timevalue ofmoney and inflation considerations. True False In order to estimate the client's retirementincome status (RIS), the planner must subtract the amount of the annual target for retirement income from the estimated annual retirement income. True False The retirement income status (RIS) will always be a positive number. True False Social Security is generally considered to be protected from a decline in purchasing power. True False Pension income is generally considered to be protected from a decline in purchasing power. True False Investment income from a stock portfolio is generally considered to not be protected from a decline in purchasing power. True False All else held constant, the longer the liquidation period assumed for depleting assets, the greater the amount of funds needed for the retirement target. True False One way to protect a client from outliving retirement savings is to have the client purchase a life annuity with his or her accumulated savings. True False The decline in purchasing power commonly affects a person's pension income. True False Under a level annual funding method, the amount saved each year increases to coordinate salary increases with savings increases. True False