-Which of the following represents mutual funds showing the progression of risk from lowest to highest?
Question 69 options:
| A) | International, bond, growth, growth and income, money market | |
| B) | Money market, bond, growth and income, growth, international | |
| C) | Bond, growth, international, money market, growth and income | |
| D) | Growth and income, growth, bond, money market, international | |
| E) | Money market, growth and income, bond, international, growth | |
-Social Security is characterized by all of the following except:
Question 71 options:
| A) | pay as you go financing through FICA taxes | |
| B) | an accounting Trust Fund | |
| C) | insurance against outliving your savings | |
| D) | retirement benefits for all workers | |
| E) | poverty alleviation for targeted groups | |
-What is the difference between a ROTH IRA and traditional IRA in terms of the federal income tax treatment of qualified contributions and distributions in retirement?
Question 73 options:
| A) | ROTH IRA contributions are tax free but distributions are taxed; Traditional IRA distributions are tax free at withdrawal but contributions are taxed | |
| B) | ROTH IRA contributions and distributions are taxed; Traditional IRA contributions and distributions are not taxed | |
| C) | ROTH IRA contributions and distributions are tax free; Traditional IRA contributions are not taxed but distributions are taxed | |
| D) | ROTH IRA distributions are tax free only; Traditional IRA distributions are tax free at withdrawal only | |
| E) | ROTH IRA contributions are taxed but distributions are not taxed; Traditional IRA contributions are tax free but distributions are taxed | |
-How are Social Security retirement benefits determined?
Question 74 options:
| A) | It depends on the number of credits a persons parents have earned in their lifetime. | |
| B) | It depends on the level of income a person has averaged over their lifetime. | |
| C) | It depends on how many years you have paid in Social Security taxes. | |
| D) | All of the above are correct. | |
| E) | Both B and C are correct | |