Question 5 Time left 2:45:26 When planning for retirement, which of the following is not true? Not yet answered Marked out of 1.00 Select one: O a. The expected rate of return on your savings will not impact how much you will need at retirement. O b. The higher the rate of return on your savings while retired, the less you need to have saved by retirement. O c. The more you contribute to your retirement account, the less it has to earn. Flag question Od. The longer you have to save, and the sooner you begin saving, the less you have to save each year. Question 6 Not yet answered Which answer best completes the following statement? If a company decides to reinvest its profit in the company instead of paying dividends: Marked out of 1.00 Select one: Flag question O a. none of the above O b. it may help the company to increase in value, increasing in investors' wealth O c. investors will see no return on their investment O d. investors will generally not support such a move Question 7 All of the following are true about Registered Retirement Savings Plans (RRSP) EXCEPT: Not yet answered Marked out of 1.00 Select one: O a. An RRSP allows you to realize immediate tax benefits at a time when your income is generally highest. O b. Your annual contribution can be deducted from your gross income at tax time, reducing your taxable income. OC. An RRSP guarantees 100% of the original amount that you invested. Flag question O d. The income from your RRSP is not taxed until you begin to withdraw funds at retirement