Q3 Given the choice between saving for your retirement or saving for your childs college, most financial planners say you should:

A. Save for college; your children will have more income with a college degree

B. Save for retirement; your children will have more options for paying for college than you will have for retirement income

C. Do a 50/50 split between the two: Its better to balance the two goals than pick one

D. Discourage your child from attending college. In most cases, its not a good investment.

Q4

Which of the following factors may affect a persons individual retirement planning?

i. Work life expectancy. ii. Retirement life expectancy. iii. Inflation. iv. Savings rate.

A. i and ii

B. ii and iii

C. i, ii, and iv

D. All of the above