i need the answers by tomorrow please thank you

When investors are young, their investment portfolio should typically be dominated by common stocks because, due to long time horizons, young investors can generally afford the additional risk of common stocks. As investors near retirement, their asset allocation should rapidly shift to all fixed income securities to provide for income and to mitigate against the risk of the equity markets.(Points : 0.1)

True

False

Question 2.

2.The WLE and the RLE expectancy are not inversely related.(Points : 0.1)

True

False

Question 3.

3.A savings rate of 5% of income should be sufficient for most people planning on retirement, especially considering the average savings rate is significantly less(Points : 0.1)

True

False

Question 4.

4.John has just retired with an investment portfolio equal to $1 million. He plans on using the 4% capital

balance approach to retirement distributions. He also plans on distributing the amount in one lump sum at the beginning of the year. His first year, he distributes $40,000 to live on, in addition to his other income. However, the market takes a significant decline and his portfolio loses 20%. His second year, after he takes his distribution, his portfolio takes another decline of 20%. How much can he take in the third year if he is sticking with the 4% method? Round to the nearest thousand(Points : 0.1)

$40,000.

$32,000.

$26,000.

$24,000.

Question 5.

5.Jack is getting ready to retire. He has a salary of $100,000 and is saving 15% annually in his 401(k)

plan and he just made his last principal and interest monthly payment on his mortgage of $2,350. His home is now debt free. What would you recommend regarding a wage replacement ratio, assuming he wants to maintain his lifestyle.(Points : 0.1)

85%.

77%.

70%.

50%.

Question 6.

6.The average retiree receives income from several sources, including Social Security, pension and annuities, and from personal savings. What is the approximate percent of income from Social security?(Points : 0.1)

Between 55% and 65%.

Between 45% and 55%.

Between 35% and 45%.

Between 25% and 35%.

Question 7.

7.social Security is a sizable program that impacts many families in the United States. Which of the following statements is not correct regarding Social security?(Points : 0.1)

Social Security was never intended to provide a substantial wage replacement ratio for most

Americans.

Social Security skews benefits towards lower wage earners and away from higher wage

earners.

Social Security provides 90% or more of the income for more than 20% of retired married

couples.

All of the above statements are true.

Question 8.

8.Which of the following statements is correct regarding Social Security?(Points : 0.1)

Retirement benefits under Social Security are intended to provide at least a 50% wage

replacement ratio for everyone except for the very highest earners.

Non-working spouses of retirees receiving Social Security benefits are entitled to a 50%

benefit regardless of the non-working spouse?s age.

More than 20 percent of retirees rely on Social Security for more than 90% of their

retirement income.

All employees in the United States are covered by Social Security and are required to

contribute FICA taxes.

Question 9.

9.Which of the following is a good benchmark for savings for retirement as a percent of gross income for

someone who is between age 25 and 30?(Points : 0.1)

5% to 10%.

10% to 15%.

15% to 20%.

20% to 25%.