Please answer the following 7.) Which of the following items will likely increase during retirement? Question 7 options: a) Travel expenses. b) Increased savings expenses.
Please answer the following
7.) Which of the following items will likely increase during retirement?
Question 7 options:
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| b) | Increased savings expenses. | |
| c) | Increased mortgage expenses (excluding property taxes). | |
| d) | None of the above will increase during retirement. | |
8.) Which of the following statements is correct?
1. Social security is heavily relied upon by current and soon to be retired individuals. 2. The risk of a premature death during ones WLE can be protected by life and disability insurance.
Question 8 options:
9.) Which are not considered important assumptions for long term retirement calculations?
1. Estimate of ones work life expectancy. 2. Mortality rates and adjustments for health factors. 3. Spending needs during an individuals retirement period.
Question 9 options:
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| d) | None of the above are correct. All of the above are important assumptions used in long term retirement calculations. | |
10) Which of the following statements is/are correct?
1. Sensitivity analysis consists of rotating each variable assumption toward the undesirable side of the risk to determine the impact of a small change in that variable on not achieving the overall plan. 2. Monte Carlo allows for a range of alternative assumptions, such as changes in investment rates of return, the variability of inflation, adjustments to life expectancy, and many other market-condition scenarios. 3. If assumptions entered are accurate then monte carlo analysis can predict the future for clients.
Question 10 options: