Retirement Readiness Quiz Take our quick yet detailed 10 question quiz to help show you just how ready you are for retirement! At the end of the quiz, we will tally your results and reveal your Retirement Readiness Score.Income PlanningQuestion 1: At what age are you eligible to receive 100% of your Social Security benefit?* Between 62 and 65 Between 66 and 67 Between 68 and 70 Question 2: According to the government, what percent of the average pre-retiree’s income is a Social Security benefit designed to replace?* About 40% About 50% About 75% Investing in RetirementQuestion 3: Which of the following is a reason why your investment risk tolerance could decrease in retirement?* The Social Security program is going broke and today’s retirees can’t rely on getting a check. Liquidating investments in a down market for income can have a long term negative impact and could mean a greater chance of outliving your money in retirement. Investing in retirement at all is inherently a bad idea. Question 4: There are strategies for growing your wealth in retirement – which of the following is not a strategy?* Having a long term investment plan Having a plan to cover basic expenses in the event of a market downturn Making fast decisions when the market experiences volatility TaxesQuestion 5: Out of the following retirement income sources, which one is not taxable?* Roth IRA withdrawal Social Security benefit Property sales Question 6: Which of the following statements is true of Required Minimum Distributions (RMDs)?* They’re optional They’re taxed as ordinary income They don’t apply to inherited retirement accounts Estate & Legacy PlanningQuestion 7: Which of the following is not an important estate planning document?* A will or a trust An Advanced Medicare Directive Your Form W-2 Question 8: How much money does the IRS allow every taxpayer to gift to an individual recipient, tax free, in one year?* $10,000 $15,000 $20,000 Healthcare PlanningQuestion 9: Which of the following healthcare related expenses are covered by Medicare Parts A and B?* One year of long-term care costs Dental, hearing, and vision Doctor visits Question 10: What was the median annual cost for a private room in a nursing home in the year 2020?* $105,850 $81,247 $70,890 Let's Wrap This Up! Now, for a quick final question about you:Which of the following topics would you like to learn more about?* My tax burden Claiming my maximum Social Security benefit My estate & legacy plan Market volatility Healthcare & long-term care costs Running out of money Other Name* First Last Email* Mobile Phone*PhoneThis field is for validation purposes and should be left unchanged. Δ
