You can solely depend on Social Security and your Pension to cover your expenses while in retired. (T/F)

The majority of individuals who retire in 25 years will NOT have a Defined Benefit plan. (T/F)

The employee has the majority of risk with a Defined Benefit plan. (T/F)

The employer is responsible for investing money to be able to pay future liabilities associated with a Defined Benefit plan. (T/F)

Employers frequently match a portion of an employees contribution to a 401(k) plan. (T/F)

The employee has no say in the underlying investments in their 401(k) account. (T/F)

The employee typically can select various asset classes (managed mutual funds, index funds, targeted date retirement funds, bonds funds etc) where the money in their 401(k) is invested. (T/F)

Individuals who have a Defined Contribution Plan should be aware of the fees they are incurring. (T/F)

If an individual changes jobs and withdrawals the money they have in their 401(k) plan, they frequently must pay taxes on the withdrawal and pay significant penalties. (T/F).

Therefore, a better option is to leave to funds in the old employers plan or to roll it over into the new employers plan or to an IRA (T/F).

Individuals regardless of income can make yearly contributions to an IRA account. (T/F)

The IRS limits how much can be deposited yearly in any type of IRA, adjusting the amount periodically. (T/F)

Asset Allocation refers to the mix of stocks, bonds and cash an investor holds. (T/F)

Someone can typically invest more heavily in stocks if they are younger. (T/F)

Someone can typically invest more heavily in stocks when they are investing for the long-term. (T/F)

Someone can invest more heavily in stocks if they have a low tolerance for risk. (T/F)

An investor holding one stock and one bond might have a diversified portfolio. (T/F)

Typically, is recommended that individuals save at 10-15% of their income for retirement. (T/F)

If an individual initially cannot save 10% of their income, they should save a smaller percent of their pay and then each year increase the percentage saved by a small amount. (T/F)

Having automatically deposits to a retirement account each pay period, increases the chance of success. (T/F)

Asset Allocation will change over an investors lifetime. (T/F)

As someone gets closer to retirement, it is typically recommended that the investor decrease the amount of stock held. (T/F)